Tim Hortons Stock Rating Reaffirmed by Scotiabank (THI)

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Tim Hortons (NYSE:THI)‘s stock had its “sector outperform” rating reiterated by equities researchers at Scotiabank in a research report issued on Friday, American Banking and Market News reports.

Shares of Tim Hortons (NYSE:THI) opened at 58.414 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 $58.86 and a 200-day moving average of $57.2. The company has a market cap of $8.592 billion and a price-to-earnings ratio of 20.70.

Tim Hortons (NYSE:THI) last released its earnings data on Thursday, November 7th. The company reported $0.77 earnings per share for the quarter, meeting the analysts’ 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.

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 issued a buy rating to the company. Tim Hortons presently has an average rating of “Hold” and a consensus target price of $63.59.

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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