Post Holdings Lowered to “Neutral” at SunTrust (POST)
Post Holdings (NASDAQ:POST) was downgraded by stock analysts at SunTrust from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $45.00 price objective on the stock, down from their previous price objective of $70.00. SunTrust’s price target points to a potential upside of 20.22% from the stock’s previous close.
Shares of Post Holdings (NASDAQ:POST) traded down 15.91% during mid-day trading on Friday, hitting $37.43. The stock had a trading volume of 12,694,948 shares. Post Holdings has a one year low of $32.87 and a one year high of $60.63. The stock has a 50-day moving average of $47.65 and a 200-day moving average of $51.92. The company’s market cap is $1.594 billion. Post Holdings also saw unusually large options trading activity on Thursday. Investors bought 407 call options on the stock. This is an increase of approximately 748% compared to the typical volume of 48 call options.
Post Holdings (NASDAQ:POST) last announced its earnings results on Thursday, August 7th. The company reported ($0.30) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.57. The company had revenue of $633.00 million for the quarter, compared to the consensus estimate of $636.70 million. During the same quarter last year, the company posted $0.29 earnings per share. On average, analysts predict that Post Holdings will post $0.64 earnings per share 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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