Post Holdings Inc. (POST) Raised to “Buy” at Zacks Investment Research
Post Holdings Inc. (NYSE:POST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $90.00 price target on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 12.56% from the stock’s previous close.
According to Zacks, “Post Holdings Inc. is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada. The Company’s products are manufactured through a production platform consisting of four owned primary facilities and sold through a variety of channels such as grocery stores, mass merchandisers, club stores, and drug stores. Its portfolio of brands includes diverse offerings such as Honey Bunches of Oats, Pebbles, Post Selects, Great Grains, Spoon Size Shredded Wheat, Post Raisin Bran, Grape-Nuts and Honeycomb. Post Holdings Inc. is based in St. Louis, Missouri. “
Other research analysts have also issued research reports about the company. BB&T Corp. upgraded Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Thursday, June 23rd. KeyCorp reiterated a “buy” rating and set a $90.00 target price on shares of Post Holdings in a research report on Monday, June 20th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Post Holdings in a report on Friday, July 15th. Pivotal Research decreased their price objective on Post Holdings from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Finally, BMO Capital Markets lowered Post Holdings from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $90.00 to $83.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Post Holdings currently has a consensus rating of “Buy” and a consensus target price of $86.00.
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Shares of Post Holdings (NYSE:POST) traded up 0.14% during mid-day trading on Thursday, hitting $79.96. 592,713 shares of the stock were exchanged. The stock’s market cap is $5.17 billion. Post Holdings has a 12 month low of $50.93 and a 12 month high of $89.00. The company has a 50-day moving average price of $81.68 and a 200-day moving average price of $78.36.
Post Holdings (NYSE:POST) last announced its earnings results on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Equities analysts expect that Post Holdings will post $2.46 earnings per share for the current year.
In other Post Holdings news, CEO Richard R. Koulouris sold 21,942 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 28,334 shares of the company’s stock, valued at approximately $2,417,740.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Post Holdings during the second quarter worth about $165,000. Anderson Hoagland & Co. acquired a new stake in shares of Post Holdings during the second quarter worth about $215,000. Private Trust Co. NA acquired a new stake in shares of Post Holdings during the second quarter worth about $230,000. Garrison Financial Corp acquired a new stake in shares of Post Holdings during the second quarter worth about $231,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Post Holdings during the second quarter worth about $246,000.
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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