BMO Capital Markets downgraded shares of Post Holdings Inc. (NYSE:POST) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday morning. They currently have $83.00 target price on the stock, down from their prior target price of $90.00. The analysts noted that the move was a valuation call.
Several other analysts have also recently weighed in on POST. KeyCorp reaffirmed an overweight rating and issued a $90.00 target price on shares of Post Holdings in a report on Thursday, May 26th. Zacks Investment Research lowered shares of Post Holdings from a buy rating to a hold rating in a research note on Wednesday, August 10th. BB&T Corp. upgraded shares of Post Holdings from a hold rating to a buy rating and set a $87.00 price target on the stock in a research note on Thursday, June 23rd. Pivotal Research dropped their price target on shares of Post Holdings from $105.00 to $90.00 and set a buy rating on the stock in a research note on Monday, July 25th. Finally, Citigroup Inc. restated an overweight rating on shares of Post Holdings in a research report on Saturday, June 25th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $86.43.
Post Holdings (NYSE:POST) opened at 78.34 on Wednesday. Post Holdings has a 1-year low of $50.93 and a 1-year high of $89.00. The firm’s market capitalization is $5.06 billion. The company has a 50 day moving average of $83.06 and a 200 day moving average of $77.78.
Post Holdings (NYSE:POST) last issued its earnings results on Thursday, August 4th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.13. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Post Holdings had a negative net margin of 0.76% and a positive return on equity of 5.44%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Analysts forecast that Post Holdings will post $2.46 EPS for the current year.
In other news, CEO Richard R. Koulouris sold 21,942 shares of Post Holdings stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $85.33, for a total transaction of $1,872,310.86. Following the completion of the transaction, the chief executive officer now owns 28,334 shares of the company’s stock, valued at approximately $2,417,740.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in POST. Norges Bank purchased a new position in Post Holdings during the fourth quarter valued at about $43,639,000. Virginia Retirement System purchased a new position in Post Holdings during the first quarter valued at about $309,000. B & T Capital Management DBA Alpha Capital Management purchased a new position in Post Holdings during the first quarter valued at about $1,884,000. Ngam Advisors L.P. increased its position in Post Holdings by 87.4% in the first quarter. Ngam Advisors L.P. now owns 54,665 shares of the company’s stock valued at $3,760,000 after buying an additional 25,491 shares during the period. Finally, Prudential Financial Inc. increased its position in Post Holdings by 12.1% in the first quarter. Prudential Financial Inc. now owns 44,565 shares of the company’s stock valued at $3,065,000 after buying an additional 4,817 shares during the period.
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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