Post Holdings, Inc. (NYSE:POST) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Post Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) assumed coverage on Post Holdings in a report on Monday, July 17th. They issued a “buy” rating and a $105.00 target price for the company. Vertical Group cut Post Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Pivotal Research reiterated a “buy” rating and issued a $105.00 target price on shares of Post Holdings in a report on Wednesday, May 10th. Finally, TheStreet cut Post Holdings from a “b” rating to a “c” rating in a report on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $96.00.
Shares of Post Holdings (NYSE POST) traded up 0.09% during mid-day trading on Thursday, reaching $85.37. The company had a trading volume of 407,819 shares. Post Holdings has a 1-year low of $68.76 and a 1-year high of $89.04. The firm has a 50-day moving average price of $82.25 and a 200-day moving average price of $83.02. The stock’s market capitalization is $5.65 billion.
Post Holdings (NYSE:POST) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned $0.62 EPS. Post Holdings’s revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Post Holdings will post $2.69 earnings per share for the current year.
Post Holdings announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 7th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Post Holdings during the second quarter valued at about $270,000. Ameritas Investment Partners Inc. raised its position in shares of Post Holdings by 4.6% in the second quarter. Ameritas Investment Partners Inc. now owns 19,830 shares of the company’s stock valued at $1,540,000 after buying an additional 881 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Post Holdings by 269.4% in the second quarter. Bank of Nova Scotia now owns 319,800 shares of the company’s stock valued at $24,832,000 after buying an additional 233,224 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Post Holdings by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 97,202 shares of the company’s stock valued at $7,547,000 after buying an additional 4,435 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Post Holdings by 82.9% in the second quarter. Cubist Systematic Strategies LLC now owns 4,400 shares of the company’s stock valued at $342,000 after buying an additional 1,994 shares in the last quarter.
Post Holdings Company Profile
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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