Post Holdings, Inc. (POST) Downgraded to “Strong Sell” at BidaskClub
BidaskClub downgraded shares of Post Holdings, Inc. (NYSE:POST) from a sell rating to a strong sell rating in a research report report published on Wednesday.
A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Post Holdings from a hold rating to a buy rating and set a $92.00 target price for the company in a research report on Saturday, October 28th. Wells Fargo & Company raised their target price on Post Holdings from $96.00 to $106.00 and gave the stock an outperform rating in a research report on Wednesday, October 4th. Pivotal Research reissued a buy rating and issued a $105.00 target price on shares of Post Holdings in a research report on Wednesday, September 20th. BMO Capital Markets raised Post Holdings from a market perform rating to an outperform rating and set a $106.00 target price for the company in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Post Holdings in a research report on Monday, July 17th. They issued a buy rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $101.83.
Post Holdings (NYSE:POST) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate 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 positive return on equity of 6.53% and a negative net margin of 0.06%. Post Holdings’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share.
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A number of large investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans boosted its holdings in shares of Post Holdings by 9.0% in the first quarter. Thrivent Financial For Lutherans now owns 12,080 shares of the company’s stock worth $1,057,000 after acquiring an additional 1,000 shares during the period. Credit Suisse AG boosted its holdings in shares of Post Holdings by 13.8% in the first quarter. Credit Suisse AG now owns 77,072 shares of the company’s stock worth $6,746,000 after acquiring an additional 9,317 shares during the period. B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Post Holdings by 3.8% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 16,093 shares of the company’s stock worth $1,250,000 after acquiring an additional 590 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Post Holdings by 1.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 80,219 shares of the company’s stock worth $6,229,000 after acquiring an additional 1,531 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of Post Holdings in the second quarter worth $580,000.
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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