Post Holdings Inc. (NYSE:POST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $90.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 12.36% from the stock’s current price.
According to Zacks, “Post Holdings Inc. is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada. The Company’s products are manufactured through a production platform consisting of four owned primary facilities and sold through a variety of channels such as grocery stores, mass merchandisers, club stores, and drug stores. Its portfolio of brands includes diverse offerings such as Honey Bunches of Oats, Pebbles, Post Selects, Great Grains, Spoon Size Shredded Wheat, Post Raisin Bran, Grape-Nuts and Honeycomb. Post Holdings Inc. is based in St. Louis, Missouri. “
Other research analysts also recently issued research reports about the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Post Holdings in a research report on Friday, July 15th. Pivotal Research decreased their price objective on shares of Post Holdings from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Post Holdings in a research report on Friday, July 15th. Citigroup Inc. reiterated an “overweight” rating on shares of Post Holdings in a research report on Saturday, June 25th. Finally, BB&T Corp. upgraded shares of Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Post Holdings has an average rating of “Buy” and a consensus target price of $86.00.
Post Holdings (NYSE:POST) opened at 80.10 on Thursday. The company has a 50 day moving average of $81.91 and a 200-day moving average of $78.28. The company’s market cap is $5.18 billion. Post Holdings has a one year low of $50.93 and a one year high of $89.00.
Post Holdings (NYSE:POST) last posted its earnings results on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company earned $1.25 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities analysts expect that Post Holdings will post $2.46 earnings per share for the current fiscal year.
In other news, CEO Richard R. Koulouris sold 21,942 shares of the business’s stock in a transaction dated 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 owns 28,334 shares of the company’s stock, valued at $2,417,740.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Post Holdings during the second quarter valued at about $165,000. Anderson Hoagland & Co. acquired a new stake in shares of Post Holdings during the second quarter valued at about $215,000. Private Trust Co. NA acquired a new stake in shares of Post Holdings during the second quarter valued at about $230,000. Garrison Financial Corp acquired a new stake in shares of Post Holdings during the second quarter valued at about $231,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Post Holdings during the second quarter valued at about $246,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Post Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.