Wells Fargo & Company Boosts Post Holdings, Inc. (POST) Price Target to $106.00
Post Holdings, Inc. (NYSE:POST) had its target price lifted by Wells Fargo & Company from $96.00 to $106.00 in a report issued on Wednesday. The brokerage currently has an outperform rating on the stock.
POST has been the subject of several other reports. BidaskClub cut shares of Post Holdings from a hold rating to a sell rating in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) began coverage on shares of Post Holdings in a report on Monday, July 17th. They set a buy rating and a $105.00 price target for the company. Zacks Investment Research cut shares of Post Holdings from a strong-buy rating to a hold rating in a report on Saturday, September 9th. Barclays PLC restated a buy rating on shares of Post Holdings in a report on Friday, July 7th. Finally, Pivotal Research restated a buy rating and set a $105.00 price target on shares of Post Holdings in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Post Holdings presently has a consensus rating of Buy and an average target price of $101.17.
Shares of Post Holdings (POST) traded down 0.20% during trading on Wednesday, reaching $86.88. 353,722 shares of the company traded hands. The firm’s market capitalization is $5.75 billion. The firm has a 50-day moving average price of $85.50 and a 200-day moving average price of $83.37. Post Holdings has a 12 month low of $68.76 and a 12 month high of $89.04.
Post Holdings (NYSE:POST) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Equities research analysts anticipate that Post Holdings will post $2.69 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in Post Holdings by 3.4% during the second quarter. BlackRock Inc. now owns 5,197,967 shares of the company’s stock valued at $403,623,000 after acquiring an additional 171,948 shares in the last quarter. Vanguard Group Inc. raised its position in Post Holdings by 0.9% during the second quarter. Vanguard Group Inc. now owns 5,104,315 shares of the company’s stock valued at $396,350,000 after acquiring an additional 43,799 shares in the last quarter. FMR LLC raised its position in Post Holdings by 26.5% during the second quarter. FMR LLC now owns 5,067,121 shares of the company’s stock valued at $393,462,000 after acquiring an additional 1,060,344 shares in the last quarter. Route One Investment Company L.P. raised its position in Post Holdings by 19.6% during the second quarter. Route One Investment Company L.P. now owns 4,168,083 shares of the company’s stock valued at $323,652,000 after acquiring an additional 683,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Post Holdings by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,195,192 shares of the company’s stock valued at $170,451,000 after acquiring an additional 20,543 shares in the last quarter.
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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