Evercore ISI Initiates Coverage on Post (NYSE:POST)
Research analysts at Evercore ISI started coverage on shares of Post (NYSE:POST) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $125.00 price target on the stock. Evercore ISI’s price objective would indicate a potential upside of 18.15% from the company’s previous close.
Several other equities research analysts also recently issued reports on POST. Zacks Investment Research upgraded Post from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Thursday, April 4th. Wells Fargo & Co reiterated a “buy” rating on shares of Post in a report on Wednesday, May 8th. Goldman Sachs Group upgraded Post from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $107.00 to $134.00 in a report on Monday, May 6th. BMO Capital Markets upped their price target on Post from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, Pivotal Research restated a “buy” rating and set a $125.00 price target on shares of Post in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $118.55.
POST stock opened at $105.80 on Tuesday. 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 firm has a market capitalization of $7.78 billion, a P/E ratio of 25.93, a PEG ratio of 3.02 and a beta of 0.32. Post has a 12-month low of $83.04 and a 12-month high of $113.73.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in Post by 134.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 291 shares of the company’s stock worth $32,000 after purchasing an additional 167 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Post during the 1st quarter worth about $42,000. Quadrant Capital Group LLC increased its holdings in Post by 2,145.0% during the 1st quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock worth $48,000 after purchasing an additional 429 shares during the period. JOYN Advisors Inc. increased its holdings in Post by 93.4% during the 4th quarter. JOYN Advisors Inc. now owns 468 shares of the company’s stock worth $42,000 after purchasing an additional 226 shares during the period. Finally, Cresset Asset Management LLC purchased a new stake in Post during the 1st quarter worth about $75,000. Institutional investors own 91.46% of the company’s stock.
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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