Zacks Investment Research Upgrades Post Holdings, Inc. (POST) to “Buy”

Post Holdings, Inc. (NYSE:POST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The firm presently has a $92.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.30% from the stock’s current price.

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 equities analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Post Holdings in a research report on Monday, July 17th. They set a “buy” rating and a $105.00 target price on the stock. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a research report on Friday, July 7th. Wells Fargo & Company boosted their target price on shares of Post Holdings from $96.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. BidaskClub raised shares of Post Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $105.00 target price on shares of Post Holdings in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $101.83.

Post Holdings (NYSE POST) opened at 82.66 on Friday. The company’s 50 day moving average is $85.79 and its 200 day moving average is $83.22. The stock’s market cap is $5.47 billion. Post Holdings has a 52 week low of $68.76 and a 52 week high of $89.04.

Post Holdings (NYSE:POST) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.62 earnings per share. Post Holdings’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Post Holdings will post $2.69 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in POST. IndexIQ Advisors LLC increased its holdings in Post Holdings by 0.3% in the 2nd quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after buying an additional 4 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Post Holdings by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock valued at $170,000 after buying an additional 190 shares during the period. Virtu KCG Holdings LLC bought a new stake in Post Holdings in the 2nd quarter valued at $208,000. Janus Henderson Group PLC bought a new stake in Post Holdings in the 2nd quarter valued at $210,000. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in Post Holdings by 2.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,744 shares of the company’s stock valued at $213,000 after buying an additional 60 shares during the period.

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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