Post Holdings, Inc. (POST) Receives Consensus Rating of “Buy” from Brokerages
Post Holdings, Inc. (NYSE:POST) has earned a consensus rating of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $96.00.
POST has been the topic of several recent analyst reports. Barclays PLC reiterated a “buy” rating on shares of Post Holdings in a research report on Friday, July 7th. BidaskClub raised shares of Post Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) started coverage on shares of Post Holdings in a report on Monday, July 17th. They issued a “buy” rating and a $105.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $97.00 target price on shares of Post Holdings in a report on Wednesday, May 10th. Finally, Pivotal Research reissued a “buy” rating and issued a $105.00 target price on shares of Post Holdings in a report on Wednesday, May 10th.
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Post Holdings (NYSE:POST) traded down 0.27% during trading on Tuesday, reaching $85.24. 1,352,065 shares of the company’s stock were exchanged. The company’s market cap is $5.64 billion. Post Holdings has a 12-month low of $68.76 and a 12-month high of $89.04. The stock’s 50-day moving average is $82.48 and its 200-day moving average is $83.02.
Post Holdings (NYSE:POST) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Analysts predict that Post Holdings will post $2.69 EPS for the current fiscal year.
Post Holdings declared that its board has approved a stock repurchase program on Wednesday, June 7th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial For Lutherans raised its stake in shares of Post Holdings by 9.0% in the first quarter. Thrivent Financial For Lutherans now owns 12,080 shares of the company’s stock worth $1,057,000 after buying an additional 1,000 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Post Holdings by 3.8% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 16,093 shares of the company’s stock worth $1,250,000 after buying an additional 590 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Post Holdings by 0.9% in the first quarter. Utah Retirement Systems now owns 11,800 shares of the company’s stock worth $1,033,000 after buying an additional 100 shares in the last quarter. Credit Suisse AG raised its stake in shares of Post Holdings by 13.8% in the first quarter. Credit Suisse AG now owns 77,072 shares of the company’s stock worth $6,746,000 after buying an additional 9,317 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Post Holdings by 24.3% in the first quarter. UBS Asset Management Americas Inc. now owns 38,945 shares of the company’s stock worth $3,408,000 after buying an additional 7,613 shares in 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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