Barclays Capital Reiterates Overweight on Tim Hortons (THI)
A number of other firms have also recently commented on THI. Analysts at Goldman Sachs (NYSE: GS) downgraded shares of Tim Hortons from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, April 4th. They now have a $57.00 price target on the stock, down previously from $58.00. Analysts at Zacks upgraded shares of Tim Hortons from a “neutral” rating to an “outperform” rating in a research note to investors on Saturday, February 18th.
Tim Hortons opened at 58.30 on Monday. Tim Hortons has a 1-year low of $41.74 and a 1-year high of $58.47. The company has a market cap of $9.161 billion and a price-to-earnings ratio of 24.69.
Tim Hortons last released its earnings data on Thursday, February 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts expect that Tim Hortons will post $0.70 EPS next quarter.
Tim Hortons Inc. is a quick service restaurant operating in North America and Canada. The Company’s offerings includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods.