Evercore ISI Forecasts Strong Price Appreciation for Post (NYSE:POST) Stock

Post (NYSE:POST - Free Report) had its price objective upped by Evercore ISI from $130.00 to $131.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler increased their price target on shares of Post from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Mizuho cut their price target on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Finally, Wells Fargo & Company cut their price target on shares of Post from $124.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Post presently has an average rating of "Moderate Buy" and a consensus price target of $128.83.

Post Stock Down 1.2%

NYSE:POST traded down $1.30 during mid-day trading on Wednesday, hitting $108.54. 474,889 shares of the company's stock were exchanged, compared to its average volume of 550,632. Post has a one year low of $99.70 and a one year high of $125.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. The business has a fifty day moving average price of $112.44 and a 200 day moving average price of $112.64. The company has a market cap of $6.05 billion, a PE ratio of 17.88 and a beta of 0.50.

Post (NYSE:POST - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.18 by $0.23. Post had a net margin of 4.94% and a return on equity of 10.48%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. Post's quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts predict that Post will post 6.41 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POST. Norges Bank bought a new position in Post during the fourth quarter valued at approximately $108,991,000. The Manufacturers Life Insurance Company lifted its position in Post by 403.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock valued at $112,969,000 after purchasing an additional 790,782 shares during the period. Point72 Asset Management L.P. lifted its position in Post by 53.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock valued at $119,646,000 after purchasing an additional 364,006 shares during the period. Raymond James Financial Inc. bought a new position in Post during the fourth quarter valued at approximately $36,751,000. Finally, Nuveen LLC bought a new position in Post during the first quarter valued at approximately $34,528,000. Institutional investors own 94.85% of the company's stock.

About Post

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.