Wells Fargo & Company Cuts Post (NYSE:POST) Price Target to $86.00

Post (NYSE:POST) had its price target trimmed by Wells Fargo & Company from $98.00 to $86.00 in a report released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also recently commented on POST. Evercore set a $121.00 target price on Post in a research note on Monday. Wall Street Zen lowered shares of Post from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Post from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of Post from $116.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday. Finally, BTIG Research started coverage on shares of Post in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.00.

Post Stock Up 2.2%

Shares of NYSE POST opened at $80.19 on Monday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.99 and a current ratio of 1.85. Post has a 1 year low of $75.40 and a 1 year high of $117.28. The stock’s 50-day simple moving average is $88.92 and its 200-day simple moving average is $97.18. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 14.74 and a beta of 0.40.

Post (NYSE:POST) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.08. Post had a return on equity of 13.22% and a net margin of 3.48%.The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business posted $2.03 earnings per share. Post’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities analysts anticipate that Post will post 7.56 earnings per share for the current fiscal year.

Institutional Trading of Post

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Post by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,071,875 shares of the company’s stock worth $303,678,000 after acquiring an additional 114,677 shares in the last quarter. Norges Bank acquired a new stake in shares of Post during the 4th quarter valued at approximately $113,660,000. Geode Capital Management LLC lifted its stake in Post by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 880,993 shares of the company’s stock worth $87,282,000 after purchasing an additional 8,906 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Post during the second quarter worth $54,599,000. Finally, Quantinno Capital Management LP boosted its holdings in Post by 41.3% in the first quarter. Quantinno Capital Management LP now owns 462,631 shares of the company’s stock worth $45,736,000 after purchasing an additional 135,236 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Trending Headlines about Post

Here are the key news stories impacting Post this week:

• Positive Sentiment: Post’s latest quarterly earnings exceeded consensus expectations, with EPS of $1.78 versus estimates of $1.70. The stock also trades near its 52-week low at a valuation of roughly 15 times earnings, which may be attracting value-oriented buyers.
• Neutral Sentiment: Wells Fargo lowered its price target for Post Holdings (POST) to $86, implying limited upside from recent levels while maintaining a cautious view. Wells Fargo Lowers Post Price Target to $86
• Negative Sentiment: JPMorgan issued a pessimistic forecast for Post Holdings (POST), adding to concerns about the company’s near-term growth outlook. Post’s recent revenue of $1.95 billion fell short of the $2.02 billion consensus estimate, declined 1.8% year over year, and EPS decreased from $2.03 in the prior-year quarter. JPMorgan Issues Pessimistic Forecast for Post Stock

Post Company Profile

Post Holdings, Inc is a consumer packaged goods company that operates as a holding company for a diverse portfolio of food and beverage brands. The company’s principal activities include the production, marketing and distribution of ready-to-eat cereal, refrigerated and frozen foods, and nutritional beverages. Through its operating segments—Post Consumer Brands, Foodservice, Refrigerated Side Dishes & Bakery, and Active Nutrition—Post Holdings delivers a broad array of products to retail grocers, convenience stores, foodservice operators and e-commerce channels.

The Post Consumer Brands segment features a variety of hot and cold cereals under names such as Honey Bunches of Oats, Shredded Wheat and Pebbles.