Post Holdings Inc. (NYSE:POST) Receives Consensus Recommendation of “Buy” from Analysts
Post Holdings Inc. (NYSE:POST) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $85.33.
A number of equities analysts have commented on POST shares. Zacks Investment Research raised shares of Post Holdings from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Friday, August 12th. BB&T Corp. raised shares of Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Thursday, June 23rd. KeyCorp reissued a “buy” rating and issued a $90.00 price target on shares of Post Holdings in a research note on Monday, June 20th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Post Holdings in a research note on Friday, July 15th. Finally, Pivotal Research cut their price target on shares of Post Holdings from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, July 25th.
In related news, CEO Richard R. Koulouris sold 21,942 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $85.33, for a total transaction of $1,872,310.86. Following the completion of the sale, the chief executive officer now directly owns 28,334 shares in the company, valued at approximately $2,417,740.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd purchased a new stake in Post Holdings during the second quarter worth approximately $165,000. Anderson Hoagland & Co. purchased a new stake in Post Holdings during the second quarter worth approximately $215,000. Private Trust Co. NA purchased a new stake in Post Holdings during the second quarter worth approximately $230,000. Garrison Financial Corp purchased a new stake in Post Holdings during the second quarter worth approximately $231,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Post Holdings during the second quarter worth approximately $246,000.
Post Holdings (NYSE:POST) traded up 2.145% during midday trading on Monday, hitting $81.675. 418,906 shares of the stock traded hands. Post Holdings has a 52 week low of $50.93 and a 52 week high of $89.00. The stock’s 50-day moving average price is $81.68 and its 200 day moving average price is $78.36. The company’s market capitalization is $5.28 billion.
Post Holdings (NYSE:POST) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Post Holdings had a negative net margin of 0.76% and a positive return on equity of 5.44%. The company earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company earned $0.27 earnings per share. Post Holdings’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Post Holdings will post $2.46 EPS for the current year.
About Post Holdings
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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