Goldman Sachs Initiates Coverage on Post Holdings (POST)
Goldman Sachs initiated coverage on shares of Post Holdings (NASDAQ:POST) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $56.00 price target on the stock. Goldman Sachs’ target price suggests a potential upside of 17.40% from the company’s current price.
Post Holdings (NASDAQ:POST) traded up 2.54% during mid-day trading on Wednesday, hitting $47.70. 1,383,857 shares of the company’s stock traded hands. Post Holdings has a one year low of $38.31 and a one year high of $60.63. The stock has a 50-day moving average of $51.62 and a 200-day moving average of $51.81. The company’s market cap is $1.834 billion.
Post Holdings (NASDAQ:POST) last released its earnings data on Thursday, May 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.44. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $446.80 million. Analysts expect that Post Holdings will post $1.00 EPS for the current fiscal year.
Post Holdings, Inc, is a holding company. The Company is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada.
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