Tim Hortons Stock Hits New 52-Week High (THI)

NEW YORK ( TheStreet) -- Tim Hortons (NYSE: THI) hit a new 52-week high Wednesday as it is currently trading at $55.33, above its previous 52-week high of $55.31 with 84,959 shares traded as of 1:54 p.m. ET. Average volume has been 247,900 shares over the past 30 days.

Tim Hortons has a market cap of $8.61 billion and is part of the services sector and leisure industry. Shares are up 12.4% year to date as of the close of trading on Tuesday.

Tim Hortons Inc. develops, franchises, and operates quick service restaurants primarily in Canada and the United States. The company has a P/E ratio of 23.9, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tim Hortons as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Tim Hortons Ratings Report.

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