Wells Fargo & Company Boosts Post Holdings, Inc. (POST) Price Target to $106.00
Post Holdings, Inc. (NYSE:POST) had its price objective upped by equities research analysts at Wells Fargo & Company from $96.00 to $106.00 in a research report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Wells Fargo & Company’s target price suggests a potential upside of 21.97% from the stock’s previous close.
Other equities analysts have also issued reports about the company. BMO Capital Markets raised Post Holdings from a “market perform” rating to an “outperform” rating and set a $106.00 price target for the company in a research note on Wednesday, September 20th. Pivotal Research reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Post Holdings in a research note on Wednesday, September 20th. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. BidaskClub raised Post Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research raised Post Holdings from a “strong sell” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $101.17.
Post Holdings (NYSE POST) traded up 0.48% during trading on Wednesday, hitting $87.33. The stock had a trading volume of 343,922 shares. The company has a 50-day moving average of $85.40 and a 200 day moving average of $83.30. The firm’s market cap is $5.78 billion. Post Holdings has a 52-week low of $68.76 and a 52-week high of $89.04.
Post Holdings (NYSE:POST) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.62 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Post Holdings will post $2.69 earnings per share for the current fiscal year.
Post Holdings announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 7th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
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Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its holdings in shares of Post Holdings by 91.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 35,930 shares of the company’s stock worth $2,971,000 after purchasing an additional 17,189 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Post Holdings by 129.5% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 147,134 shares of the company’s stock valued at $9,078,000 after purchasing an additional 83,017 shares during the last quarter. BlueMountain Capital Management LLC increased its position in shares of Post Holdings by 9,779.8% during the 1st quarter. BlueMountain Capital Management LLC now owns 444,988 shares of the company’s stock valued at $30,602,000 after purchasing an additional 440,484 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in Post Holdings by 9.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,080 shares of the company’s stock valued at $1,057,000 after buying an additional 1,000 shares during the period. Finally, Morgan Stanley raised its holdings in Post Holdings by 145.8% during the 4th quarter. Morgan Stanley now owns 474,137 shares of the company’s stock valued at $29,254,000 after buying an additional 281,217 shares during the period.
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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