Post Holdings, Inc. (POST) PT Raised to $106.00 at Wells Fargo & Company
Post Holdings, Inc. (NYSE:POST) had its target price lifted by equities research analysts at Wells Fargo & Company from $96.00 to $106.00 in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Wells Fargo & Company’s target price would suggest a potential upside of 21.77% from the company’s current price.
Several other analysts also recently issued reports on POST. BidaskClub downgraded shares of Post Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Barclays PLC reissued a “buy” rating on shares of Post Holdings in a research report on Friday, July 7th. Zacks Investment Research raised shares of Post Holdings from a “strong sell” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) started coverage on shares of Post Holdings in a report on Monday, July 17th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, BMO Capital Markets raised shares of Post Holdings from a “market perform” rating to an “outperform” rating and set a $106.00 price objective on the stock in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $101.17.
Post Holdings (POST) opened at 87.05 on Wednesday. The company’s 50-day moving average is $85.46 and its 200 day moving average is $83.36. Post Holdings has a one year low of $68.76 and a one year high of $89.04. The firm’s market cap is $5.76 billion.
Post Holdings (NYSE:POST) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $0.62 EPS. Post Holdings’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Post Holdings will post $2.69 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in Post Holdings during the 2nd quarter worth $270,000. Ameritas Investment Partners Inc. boosted its holdings in Post Holdings by 4.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,830 shares of the company’s stock worth $1,540,000 after acquiring an additional 881 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Post Holdings by 269.4% during the 2nd quarter. Bank of Nova Scotia now owns 319,800 shares of the company’s stock worth $24,832,000 after acquiring an additional 233,224 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Post Holdings by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,202 shares of the company’s stock worth $7,547,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Post Holdings by 82.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,400 shares of the company’s stock worth $342,000 after acquiring an additional 1,994 shares during the last quarter.
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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