JPMorgan Chase & Co. Lowers Post (NYSE:POST) Price Target to $99.00

Post (NYSE:POST) had its price target cut by research analysts at JPMorgan Chase & Co. from $116.00 to $99.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 25.77% from the company’s previous close.

POST has been the topic of several other research reports. BTIG Research initiated coverage on shares of Post in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Stifel Nicolaus set a $125.00 price target on Post in a report on Friday. Wall Street Zen cut Post from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays dropped their price target on shares of Post from $119.00 to $106.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Post from $110.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Post has an average rating of “Moderate Buy” and a consensus price target of $113.29.

Post Price Performance

Shares of NYSE:POST opened at $78.71 on Monday. The company has a current ratio of 1.85, a quick ratio of 0.99 and a debt-to-equity ratio of 2.47. Post has a twelve month low of $77.60 and a twelve month high of $117.28. The company’s 50 day moving average is $89.64 and its 200 day moving average is $97.62. The company has a market cap of $3.57 billion, a PE ratio of 14.47 and a beta of 0.40.

Post (NYSE:POST) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.70 by $0.08. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.02 billion. Post had a net margin of 3.48% and a return on equity of 13.22%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.03 earnings per share. On average, sell-side analysts forecast that Post will post 7.59 EPS for the current year.

Insider Transactions at Post

In other news, Director Gregory L. Curl sold 6,186 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $105.05, for a total transaction of $649,839.30. Following the completion of the sale, the director owned 15,107 shares of the company’s stock, valued at $1,586,990.35. This represents a 29.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of POST. Norges Bank purchased a new stake in Post in the fourth quarter valued at $113,660,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Post during the 2nd quarter worth about $54,599,000. Arrowstreet Capital Limited Partnership raised its holdings in Post by 104.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 415,493 shares of the company’s stock valued at $41,155,000 after buying an additional 212,325 shares during the period. H Squared Management LP acquired a new position in Post in the fourth quarter valued at about $19,115,000. Finally, Duquesne Family Office LLC acquired a new stake in shares of Post during the third quarter valued at about $18,959,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

More Post News

Here are the key news stories impacting Post this week:

• Neutral Sentiment: No recent announcement, earnings release, analyst action or acquisition involving Post Holdings was included in the supplied news flow.
• Neutral Sentiment: The company’s latest reported quarter offered mixed signals: adjusted EPS of $1.78 exceeded the $1.70 consensus estimate, while revenue of $1.95 billion fell short of the $2.02 billion forecast and declined 1.8% year over year. Post Holdings stock information
• Negative Sentiment: Post Holdings continues to face balance-sheet risk, with debt-to-equity of 2.47, while its shares remain below their 50-day and 200-day moving averages—technical and leverage considerations that may weigh on investor sentiment.

About Post

Post Holdings, Inc is a consumer packaged goods company that operates as a holding company for a diverse portfolio of food and beverage brands. The company’s principal activities include the production, marketing and distribution of ready-to-eat cereal, refrigerated and frozen foods, and nutritional beverages. Through its operating segments—Post Consumer Brands, Foodservice, Refrigerated Side Dishes & Bakery, and Active Nutrition—Post Holdings delivers a broad array of products to retail grocers, convenience stores, foodservice operators and e-commerce channels.

The Post Consumer Brands segment features a variety of hot and cold cereals under names such as Honey Bunches of Oats, Shredded Wheat and Pebbles.