Post (NYSE:POST) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report released on Tuesday.
According to Zacks, “Post Holdings Inc. is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada. The Company’s products are manufactured through a production platform consisting of four owned primary facilities and sold through a variety of channels such as grocery stores, mass merchandisers, club stores, and drug stores. Its portfolio of brands includes diverse offerings such as Honey Bunches of Oats, Pebbles, Post Selects, Great Grains, Spoon Size Shredded Wheat, Post Raisin Bran, Grape-Nuts and Honeycomb. Post Holdings Inc. is based in St. Louis, Missouri. “
A number of other analysts have also issued reports on the company. SunTrust Banks reiterated a “buy” rating and issued a $105.00 price target on shares of Post in a report on Friday, August 3rd. Stifel Nicolaus boosted their price target on Post from $97.00 to $115.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Co reiterated a “buy” rating on shares of Post in a report on Monday, July 23rd. Piper Jaffray Companies initiated coverage on Post in a report on Thursday, August 16th. They issued an “overweight” rating and a $115.00 price target for the company. Finally, ValuEngine upgraded Post from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Post presently has an average rating of “Buy” and a consensus target price of $110.25.
Shares of NYSE:POST opened at $96.08 on Tuesday. Post has a 1 year low of $70.66 and a 1 year high of $101.43. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 1.66 and a beta of -0.14. The company has a quick ratio of 1.21, a current ratio of 1.94 and a debt-to-equity ratio of 2.35.
Post (NYSE:POST) last announced its earnings results on Thursday, August 2nd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the firm earned $0.63 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. Analysts anticipate that Post will post 4.22 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Post by 113.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,467 shares of the company’s stock valued at $114,000 after acquiring an additional 780 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Post in the 2nd quarter valued at $136,000. Toronto Dominion Bank acquired a new position in shares of Post in the 2nd quarter valued at $181,000. CIBC Asset Management Inc acquired a new position in shares of Post in the 2nd quarter valued at $211,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Post in the 2nd quarter valued at $213,000.
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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