Post (NYSE:POST) PT Lowered to $122.00

Post (NYSE:POST) had its price target cut by Citigroup from $128.00 to $122.00 in a research report sent to investors on Wednesday, Analyst Ratings Network reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Evercore ISI restated a buy rating on shares of Post in a report on Tuesday. Zacks Investment Research upgraded Post from a sell rating to a hold rating and set a $117.00 price target on the stock in a report on Monday, October 4th. Truist lowered their price target on Post from $125.00 to $120.00 and set a buy rating on the stock in a report on Monday. TheStreet cut Post from a b rating to a c+ rating in a report on Monday, August 2nd. Finally, Truist Securities lowered their price target on Post from $125.00 to $120.00 and set a buy rating on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Buy and an average target price of $121.14.

NYSE POST opened at $103.69 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 1.54 and a debt-to-equity ratio of 2.45. The business’s 50 day moving average is $106.12 and its two-hundred day moving average is $109.01. Post has a 12-month low of $90.87 and a 12-month high of $117.91. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 37.30 and a beta of 0.72.

Post (NYSE:POST) last released its earnings results on Thursday, November 18th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.50). Post had a return on equity of 5.84% and a net margin of 3.26%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts forecast that Post will post 2.77 earnings per share for the current fiscal year.

In related news, Director Thomas C. Erb bought 2,000 shares of the stock in a transaction on Monday, November 22nd. The shares were purchased at an average price of $103.64 per share, for a total transaction of $207,280.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of POST. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Post by 747.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 62,546 shares of the company’s stock worth $6,843,000 after purchasing an additional 55,162 shares during the period. Gotham Asset Management LLC purchased a new position in shares of Post in the 1st quarter worth $233,000. State of Wisconsin Investment Board raised its position in shares of Post by 6.8% in the 1st quarter. State of Wisconsin Investment Board now owns 20,895 shares of the company’s stock worth $2,209,000 after buying an additional 1,330 shares during the period. Eaton Vance Management purchased a new position in shares of Post in the 1st quarter worth $60,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Post in the 1st quarter worth $567,000. 92.20% of the stock is currently owned by institutional investors.

Post Company Profile

Post Holdings, Inc is a consumer packaged goods holding company, which engages in operating of center-of-the-store, refrigerated, foodservice, food ingredient, active nutrition, and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands.

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