Post Holdings Inc. (POST) Downgraded by BMO Capital Markets to Market Perform
Post Holdings Inc. (NYSE:POST) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday. They presently have a $83.00 target price on the stock, down from their previous target price of $90.00. BMO Capital Markets’ target price would suggest a potential upside of 5.84% from the stock’s previous close. The analysts noted that the move was a valuation call.
POST has been the subject of a number of other research reports. KeyCorp reiterated an “overweight” rating and set a $90.00 price objective on shares of Post Holdings in a research report on Thursday, May 26th. BB&T Corp. upgraded Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Thursday, June 23rd. Pivotal Research reduced their price objective on Post Holdings from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Zacks Investment Research upgraded Post Holdings from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Friday, August 12th. Finally, Citigroup Inc. reiterated an “overweight” rating on shares of Post Holdings in a research report on Saturday, June 25th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $86.43.
Shares of Post Holdings (NYSE:POST) traded down 1.81% on Wednesday, reaching $77.00. The company’s stock had a trading volume of 562,876 shares. The company’s market capitalization is $4.98 billion. Post Holdings has a 12-month low of $50.93 and a 12-month high of $89.00. The company’s 50-day moving average is $83.65 and its 200 day moving average is $77.72.
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Post Holdings (NYSE:POST) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.13. The business earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Equities analysts anticipate that Post Holdings will post $2.46 earnings per share for the current fiscal year.
In other news, CEO Richard R. Koulouris sold 21,942 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $85.33, for a total value of $1,872,310.86. Following the completion of the transaction, the chief executive officer now owns 28,334 shares of the company’s stock, valued at $2,417,740.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Post Holdings during the fourth quarter worth $43,639,000. Virginia Retirement System purchased a new position in shares of Post Holdings during the first quarter worth approximately $309,000. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Post Holdings during the first quarter worth approximately $1,884,000. Ngam Advisors L.P. raised its position in shares of Post Holdings by 87.4% in the first quarter. Ngam Advisors L.P. now owns 54,665 shares of the company’s stock worth $3,760,000 after buying an additional 25,491 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Post Holdings by 12.1% in the first quarter. Prudential Financial Inc. now owns 44,565 shares of the company’s stock worth $3,065,000 after buying an additional 4,817 shares during the last quarter.
Post Holdings Company Profile
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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