Post Holdings, Inc. (POST) Receives Average Recommendation of “Buy” from Analysts
Post Holdings, Inc. (NYSE:POST) has earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $98.00.
POST has been the topic of several research analyst reports. TheStreet lowered Post Holdings from a “b” rating to a “c” rating in a research note on Tuesday, May 30th. Barclays PLC restated a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. BidaskClub upgraded Post Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded Post Holdings from a “strong sell” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Post Holdings in a research note on Monday, July 17th. They issued a “buy” rating and a $105.00 price objective on the stock.
Post Holdings (NYSE POST) traded up 0.30% during mid-day trading on Friday, reaching $84.80. The company’s stock had a trading volume of 539,860 shares. Post Holdings has a 52-week low of $68.76 and a 52-week high of $89.04. The company has a 50 day moving average of $84.64 and a 200-day moving average of $83.06. The stock’s market cap is $5.61 billion.
Post Holdings (NYSE:POST) last released its earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. Post Holdings’s revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Post Holdings will post $2.69 earnings per share for the current year.
Post Holdings announced that its board has initiated a stock repurchase plan on Wednesday, June 7th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Large investors have recently added to or reduced their stakes in the business. IndexIQ Advisors LLC raised its stake in Post Holdings by 0.3% in the second quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after buying an additional 4 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Post Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock valued at $170,000 after purchasing an additional 190 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Post Holdings by 4,660.4% in the first quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock valued at $200,000 after purchasing an additional 2,237 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Post Holdings in the second quarter valued at approximately $208,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Post Holdings in the second quarter valued at approximately $210,000.
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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