Post Holdings, Inc. (POST) Receives Consensus Rating of “Buy” from Analysts
Shares of Post Holdings, Inc. (NYSE:POST) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $103.80.
A number of brokerages have recently commented on POST. BidaskClub lowered Post Holdings from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company upped their price target on Post Holdings from $96.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Zacks Investment Research lowered Post Holdings from a “hold” rating to a “strong sell” rating in a research note on Friday, October 6th. BMO Capital Markets upgraded Post Holdings from a “market perform” rating to an “outperform” rating and set a $106.00 target price for the company in a research note on Wednesday, September 20th. Finally, Pivotal Research restated a “buy” rating and issued a $105.00 target price on shares of Post Holdings in a research note on Wednesday, September 20th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Post Holdings in the second quarter valued at $270,000. Ameritas Investment Partners Inc. raised its stake in shares of Post Holdings by 4.6% in the second quarter. Ameritas Investment Partners Inc. now owns 19,830 shares of the company’s stock valued at $1,540,000 after purchasing an additional 881 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Post Holdings by 269.4% in the second quarter. Bank of Nova Scotia now owns 319,800 shares of the company’s stock valued at $24,832,000 after purchasing an additional 233,224 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Post Holdings by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 97,202 shares of the company’s stock valued at $7,547,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Post Holdings by 82.9% in the second quarter. Cubist Systematic Strategies LLC now owns 4,400 shares of the company’s stock valued at $342,000 after purchasing an additional 1,994 shares in the last quarter.
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Post Holdings (POST) traded up 0.45% during mid-day trading on Wednesday, hitting $86.89. 363,790 shares of the stock were exchanged. The company has a 50-day moving average price of $85.56 and a 200-day moving average price of $83.37. The company’s market cap is $5.75 billion. Post Holdings has a one year low of $68.76 and a one year high of $89.04.
Post Holdings (NYSE:POST) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Post Holdings will post $2.69 earnings per share for the current fiscal year.
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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