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Several investment firms have updated their stock ratings and price targets on shares of Tim Hortons (TSE: THI) in the last week:

  • Tim Hortons had its price target raised by analysts at Canaccord Genuity from C$62.00 to C$86.00. They now have a “hold” rating on the stock.
  • Tim Hortons had its price target raised by analysts at TD Securities from C$70.00 to C$82.00. They now have a “hold” rating on the stock.
  • Tim Hortons had its price target raised by analysts at CIBC from C$79.00 to C$90.00.
  • Tim Hortons was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating. They now have a C$85.00 price target on the stock, up previously from C$73.00.
  • Tim Hortons was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating.
  • Tim Hortons was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. They now have a C$92.50 price target on the stock, up previously from C$72.00.
  • Tim Hortons was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating.
  • Tim Hortons was downgraded by analysts at KeyCorp from a “buy” rating to a “hold” rating.
  • Tim Hortons had its price target raised by analysts at Desjardins from C$85.00 to C$89.00.

Shares of Tim Hortons Inc. (TSE:THI) opened at 89.22 on Wednesday. Tim Hortons Inc. has a 52 week low of $56.12 and a 52 week high of $89.99. The stock’s 50-day moving average is $67.57 and its 200-day moving average is $61.75. The company has a market cap of $11.850 billion and a P/E ratio of 28.75.

Tim Hortons (TSE:THI) last announced its earnings results on Thursday, August 7th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Analysts expect that Tim Hortons Inc. will post $3.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, August 14th.

Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.

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