Goldman Sachs Group Upgrades Post (POST) to “Buy”

Goldman Sachs Group upgraded shares of Post (NYSE:POST) from a neutral rating to a buy rating in a research note published on Monday, BenzingaRatingsTable reports. They currently have $134.00 price target on the stock, up from their prior price target of $107.00.

Other equities analysts have also issued reports about the company. Pivotal Research reaffirmed a buy rating and issued a $125.00 price objective on shares of Post in a research note on Friday, May 3rd. Zacks Investment Research raised Post from a hold rating to a buy rating and set a $121.00 price objective on the stock in a research note on Thursday, April 4th. SunTrust Banks lifted their price objective on Post to $115.00 and gave the stock a buy rating in a research note on Monday, February 4th. Wells Fargo & Co set a $114.00 price objective on Post and gave the stock a buy rating in a research note on Friday, January 25th. Finally, Piper Jaffray Companies lowered Post from an overweight rating to a neutral rating and cut their price objective for the stock from $115.00 to $109.00 in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Post presently has a consensus rating of Buy and an average target price of $117.90.

Post stock opened at $108.40 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.08 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $7.07 billion, a P/E ratio of 26.57, a P/E/G ratio of 3.44 and a beta of 0.23. Post has a one year low of $75.01 and a one year high of $113.73.

Post (NYSE:POST) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.15. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Post had a return on equity of 10.94% and a net margin of 4.15%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. Equities analysts predict that Post will post 5 earnings per share for the current fiscal year.

In other Post news, Director Robert E. Grote sold 750 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $99.89, for a total value of $74,917.50. Following the transaction, the director now directly owns 6,950 shares of the company’s stock, valued at $694,235.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edwin H. Callison purchased 280 shares of the company’s stock in a transaction on Monday, February 11th. The stock was acquired at an average cost of $100.56 per share, for a total transaction of $28,156.80. Following the completion of the purchase, the director now owns 8,700 shares of the company’s stock, valued at approximately $874,872. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its holdings in shares of Post by 8,813.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,290,017 shares of the company’s stock valued at $26,000 after acquiring an additional 2,264,324 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Post by 737.4% during the first quarter. Bank of Montreal Can now owns 888,285 shares of the company’s stock valued at $97,178,000 after acquiring an additional 782,206 shares in the last quarter. Norges Bank bought a new stake in shares of Post during the fourth quarter valued at approximately $37,272,000. Victory Capital Management Inc. increased its holdings in shares of Post by 77.6% during the fourth quarter. Victory Capital Management Inc. now owns 955,450 shares of the company’s stock valued at $85,160,000 after acquiring an additional 417,543 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of Post by 3,672.2% during the fourth quarter. Martingale Asset Management L P now owns 237,723 shares of the company’s stock valued at $21,190,000 after acquiring an additional 231,421 shares in the last quarter.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.

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Analyst Recommendations for Post (NYSE:POST)

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