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

Post (NYSE:POST) had its price target lowered by JPMorgan Chase & Co. from $116.00 to $99.00 in a research note published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on POST. BTIG Research began coverage on shares of Post in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Barclays cut their price target on shares of Post from $119.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of Post from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus set a $125.00 price objective on shares of Post in a research report on Friday, August 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Post from $110.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.00.

Post Price Performance

Post stock opened at $80.19 on Monday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 14.74 and a beta of 0.40. The company has a quick ratio of 0.99, a current ratio of 1.85 and a debt-to-equity ratio of 2.47. The business has a 50-day simple moving average of $88.92 and a 200 day simple moving average of $97.18. Post has a 52 week low of $75.40 and a 52 week high of $117.28.

Post (NYSE:POST) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Post had a return on equity of 13.22% and a net margin of 3.48%.The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 EPS. On average, research analysts forecast that Post will post 7.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Post

Institutional investors and hedge funds have recently bought and sold shares of the stock. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Post in the 2nd quarter worth approximately $54,599,000. Edgestream Partners L.P. grew its holdings in shares of Post by 185.2% in the first quarter. Edgestream Partners L.P. now owns 10,053 shares of the company’s stock worth $994,000 after purchasing an additional 6,528 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Post by 23.7% in the first quarter. California State Teachers Retirement System now owns 50,956 shares of the company’s stock worth $5,038,000 after purchasing an additional 9,758 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Post by 41.3% in the first quarter. Quantinno Capital Management LP now owns 462,631 shares of the company’s stock worth $45,736,000 after buying an additional 135,236 shares during the period. Finally, SummitTX Capital L.P. raised its holdings in Post by 136.9% during the 1st quarter. SummitTX Capital L.P. now owns 9,926 shares of the company’s stock valued at $981,000 after buying an additional 5,736 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors.

Post News Summary

Here are the key news stories impacting Post this week:

• Positive Sentiment: Post’s latest quarterly earnings exceeded consensus expectations, with EPS of $1.78 versus estimates of $1.70. The stock also trades near its 52-week low at a valuation of roughly 15 times earnings, which may be attracting value-oriented buyers.
• Neutral Sentiment: Wells Fargo lowered its price target for Post Holdings (POST) to $86, implying limited upside from recent levels while maintaining a cautious view. Wells Fargo Lowers Post Price Target to $86
• Negative Sentiment: JPMorgan issued a pessimistic forecast for Post Holdings (POST), adding to concerns about the company’s near-term growth outlook. Post’s recent revenue of $1.95 billion fell short of the $2.02 billion consensus estimate, declined 1.8% year over year, and EPS decreased from $2.03 in the prior-year quarter. JPMorgan Issues Pessimistic Forecast for Post Stock

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.