Post Holdings, Inc. (POST) Upgraded to Outperform by BMO Capital Markets

BMO Capital Markets upgraded shares of Post Holdings, Inc. (NYSE:POST) from a market perform rating to an outperform rating in a research report report published on Wednesday, Marketbeat reports. BMO Capital Markets currently has $106.00 price target on the stock.

Several other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of Post Holdings from a hold rating to a sell rating in a research note on Wednesday, June 21st. Zacks Investment Research downgraded shares of Post Holdings from a hold rating to a strong sell rating in a research note on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) started coverage on shares of Post Holdings in a research note on Monday, July 17th. They issued a buy rating and a $105.00 price objective for the company. Barclays PLC restated a buy rating on shares of Post Holdings in a research note on Friday, July 7th. Finally, TheStreet downgraded shares of Post Holdings from a b rating to a c rating in a research note on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $100.20.

Post Holdings (NYSE:POST) opened at 86.15 on Wednesday. Post Holdings has a 52 week low of $68.76 and a 52 week high of $89.04. The company has a 50-day moving average price of $84.79 and a 200-day moving average price of $83.08. The stock’s market cap is $5.70 billion.

Post Holdings (NYSE:POST) last released its quarterly earnings data 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 company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Post Holdings’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Post Holdings will post $2.70 EPS for the current year.

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Post Holdings announced that its Board of Directors has approved a share repurchase plan on Wednesday, June 7th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Several large investors have recently made changes to their positions in the company. IndexIQ Advisors LLC raised its holdings in shares of Post Holdings by 0.3% in the second 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 last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Post Holdings by 2.2% in the second 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 last quarter. Marietta Investment Partners LLC raised its holdings in shares of Post Holdings by 2.7% in the first quarter. Marietta Investment Partners LLC now owns 3,223 shares of the company’s stock valued at $282,000 after buying an additional 86 shares during the last quarter. Atria Investments LLC raised its holdings in shares of Post Holdings by 2.2% in the second quarter. Atria Investments LLC now owns 4,194 shares of the company’s stock valued at $326,000 after buying an additional 91 shares during the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of Post Holdings by 0.9% in the first quarter. Utah Retirement Systems now owns 11,800 shares of the company’s stock valued at $1,033,000 after buying an additional 100 shares during the last quarter.

Post Holdings Company Profile

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.

Analyst Recommendations for Post Holdings (NYSE:POST)

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