Post Holdings Inc (POST) Receives Average Recommendation of “Buy” from Analysts
Shares of Post Holdings Inc (NYSE:POST) have received a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $110.17.
Several equities research analysts recently weighed in on POST shares. Barclays started coverage on shares of Post in a research report on Tuesday, August 14th. They set an “overweight” rating and a $105.00 price objective for the company. Pivotal Research reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $105.00) on shares of Post in a research report on Friday, August 3rd. Vertical Group cut shares of Post from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Wells Fargo & Co set a $111.00 price objective on shares of Post and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, Piper Jaffray Companies started coverage on shares of Post in a research report on Thursday, August 16th. They set an “overweight” rating and a $115.00 price objective for the company.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Post by 113.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,467 shares of the company’s stock worth $114,000 after acquiring an additional 780 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Post in the second quarter worth about $136,000. Toronto Dominion Bank bought a new position in shares of Post in the second quarter worth about $181,000. CIBC Asset Management Inc bought a new position in shares of Post in the second quarter worth about $211,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Post in the second quarter worth about $213,000.
Post (NYSE:POST) last announced its earnings results on Thursday, August 2nd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.07). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Post had a net margin of 8.18% and a return on equity of 10.41%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. equities research analysts predict that Post will post 4.22 earnings per share for the current fiscal year.
Post Company Profile
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.
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