Post Holdings, Inc. (POST) Upgraded at BMO Capital Markets
BMO Capital Markets upgraded shares of Post Holdings, Inc. (NYSE:POST) from a market perform rating to an outperform rating in a research report report published on Wednesday, Marketbeat Ratings reports. BMO Capital Markets currently has $106.00 price target on the stock.
POST has been the subject of a number of other research reports. BidaskClub downgraded shares of Post Holdings from a hold rating to a sell rating in a research report on Wednesday, June 21st. Zacks Investment Research downgraded shares of Post Holdings from a hold rating to a strong sell rating in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) began coverage on shares of Post Holdings in a research report on Monday, July 17th. They issued a buy rating and a $105.00 price objective for the company. Barclays PLC reiterated a buy rating on shares of Post Holdings in a research report on Friday, July 7th. Finally, TheStreet downgraded shares of Post Holdings from a b rating to a c rating in a research report on Tuesday, May 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $100.20.
Shares of Post Holdings (POST) traded down 0.94% during trading on Wednesday, reaching $86.15. The company had a trading volume of 1,251,654 shares. The company’s 50 day moving average is $84.79 and its 200-day moving average is $83.08. Post Holdings has a 1-year low of $68.76 and a 1-year high of $89.04. The stock’s market capitalization is $5.70 billion.
Post Holdings (NYSE:POST) last posted its earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities research analysts anticipate that Post Holdings will post $2.70 earnings per share for the current year.
Post Holdings declared that its board has authorized a stock repurchase program on Wednesday, June 7th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC raised its position in shares of Post Holdings by 0.3% during the 2nd quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock worth $115,000 after purchasing an additional 4 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Post Holdings by 2.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,744 shares of the company’s stock worth $213,000 after purchasing an additional 60 shares during the last quarter. Marietta Investment Partners LLC raised its position in shares of Post Holdings by 2.7% during the 1st quarter. Marietta Investment Partners LLC now owns 3,223 shares of the company’s stock worth $282,000 after purchasing an additional 86 shares during the last quarter. Atria Investments LLC raised its position in shares of Post Holdings by 2.2% during the 2nd quarter. Atria Investments LLC now owns 4,194 shares of the company’s stock worth $326,000 after purchasing an additional 91 shares during the last quarter. Finally, Utah Retirement Systems raised its position in shares of Post Holdings by 0.9% during the 1st quarter. Utah Retirement Systems now owns 11,800 shares of the company’s stock worth $1,033,000 after purchasing an additional 100 shares during the last quarter.
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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