Scotiabank reissued their sector outperform rating on shares of Tim Hortons (NYSE:THI) in a research report released on Friday morning, StockRatingsNetwork reports.
A number of other firms have also recently commented on THI. Analysts at Zacks downgraded shares of Tim Hortons from an outperform rating to a neutral rating in a research note to investors on Wednesday, November 13th. They now have a $64.90 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Tim Hortons from $60.00 to $65.00 in a research note to investors on Monday, November 11th. They now have a market perform rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Tim Hortons from $65.00 to $66.00 in a research note to investors on Friday, November 8th. They now have a market perform rating on the stock. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $63.59.
Tim Hortons (NYSE:THI) opened at 58.17 on Friday. Tim Hortons has a 1-year low of $47.76 and a 1-year high of $61.46. The stock has a 50-day moving average of $58.91 and a 200-day moving average of $57.18. The company has a market cap of $8.556 billion and a P/E ratio of 20.74.
Tim Hortons (NYSE:THI) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.77 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.77. The company had revenue of $825.40 million for the quarter, compared to the consensus estimate of $825.71 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Tim Hortons will post $2.95 EPS for the current fiscal year.
Tim Hortons Inc is a quick service restaurant chain in North America. The Company’s menu includes coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including its trademark donuts.
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