Post (POST) Upgraded to “Buy” by ValuEngine

Post (NYSE:POST) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

POST has been the subject of a number of other reports. Piper Jaffray Companies began coverage on shares of Post in a research report on Thursday, August 16th. They set an “overweight” rating and a $115.00 price target for the company. Zacks Investment Research upgraded shares of Post from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Saturday, October 6th. Vertical Group cut shares of Post from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Stifel Nicolaus raised their price objective on shares of Post from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, Barclays began coverage on shares of Post in a research note on Tuesday, August 14th. They set an “overweight” rating and a $105.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Post presently has a consensus rating of “Buy” and a consensus price target of $110.25.

Shares of POST stock traded up $0.82 during midday trading on Friday, reaching $95.78. 390,800 shares of the company traded hands, compared to its average volume of 730,564. Post has a 1-year low of $70.66 and a 1-year high of $101.43. The company has a current ratio of 1.94, a quick ratio of 1.21 and a debt-to-equity ratio of 2.35. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 1.26 and a beta of -0.14.

Post (NYSE:POST) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.07). Post had a net margin of 8.18% and a return on equity of 10.41%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business posted $0.63 earnings per share. Post’s revenue was up 26.4% on a year-over-year basis. Sell-side analysts forecast that Post will post 4.21 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of POST. Cornerstone Wealth Management LLC purchased a new position in shares of Post during the 2nd quarter worth approximately $136,000. Toronto Dominion Bank purchased a new position in shares of Post during the 2nd quarter worth approximately $181,000. Cerebellum GP LLC purchased a new position in shares of Post during the 3rd quarter worth approximately $185,000. CIBC Asset Management Inc purchased a new stake in Post in the 2nd quarter worth approximately $211,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Post in the 2nd quarter worth approximately $213,000.

About Post

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Post (NYSE:POST)

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