Equities research analysts at Evercore ISI began coverage on shares of Post (NYSE:POST) in a research note issued on Tuesday, The Fly reports. The firm set an “outperform” rating on the stock.
POST has been the subject of several other research reports. Zacks Investment Research upgraded shares of Post from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Thursday, April 4th. Pivotal Research restated a “buy” rating and set a $125.00 target price on shares of Post in a report on Friday, May 3rd. Wells Fargo & Co restated a “buy” rating on shares of Post in a report on Wednesday, May 8th. BMO Capital Markets increased their target price on shares of Post from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, Goldman Sachs Group upgraded shares of Post from a “neutral” rating to a “buy” rating and increased their target price for the stock from $107.00 to $134.00 in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Post currently has an average rating of “Buy” and an average target price of $117.90.
Shares of Post stock traded up $0.24 on Tuesday, hitting $105.64. The company had a trading volume of 335,537 shares, compared to its average volume of 596,135. The stock has a market capitalization of $7.78 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.32. Post has a twelve month low of $83.04 and a twelve month high of $113.73. The company has a quick ratio of 1.08, a current ratio of 1.93 and a debt-to-equity ratio of 1.95.
Post (NYSE:POST) last announced its earnings results on Thursday, May 2nd. The company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.15. Post had a net margin of 4.15% and a return on equity of 10.94%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The firm’s revenue was down 12.5% on a year-over-year basis. Equities analysts anticipate that Post will post 5.05 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in POST. Martingale Asset Management L P raised its position in Post by 24.2% during the first quarter. Martingale Asset Management L P now owns 295,354 shares of the company’s stock worth $32,314,000 after acquiring an additional 57,631 shares in the last quarter. BlackRock Inc. raised its position in Post by 4.1% during the fourth quarter. BlackRock Inc. now owns 5,805,430 shares of the company’s stock worth $517,437,000 after acquiring an additional 231,242 shares in the last quarter. Gotham Asset Management LLC raised its position in Post by 5,113.8% during the fourth quarter. Gotham Asset Management LLC now owns 199,532 shares of the company’s stock worth $17,784,000 after acquiring an additional 195,705 shares in the last quarter. Smith Moore & CO. raised its position in Post by 10.4% during the fourth quarter. Smith Moore & CO. now owns 6,570 shares of the company’s stock worth $586,000 after acquiring an additional 617 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Post by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 328,570 shares of the company’s stock worth $29,286,000 after acquiring an additional 3,815 shares in the last quarter. Institutional investors and hedge funds own 91.46% of the company’s stock.
Post Company Profile
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
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