Post (NYSE:POST) Lifted to Overweight at Piper Jaffray Companies

Piper Jaffray Companies upgraded shares of Post (NYSE:POST) from a neutral rating to an overweight rating in a research note published on Thursday, BenzingaRatingsTable reports. The firm currently has $130.00 price objective on the stock, up from their prior price objective of $106.00.

Other equities analysts have also recently issued reports about the stock. Pivotal Research reiterated a buy rating and set a $125.00 price objective on shares of Post in a research report on Friday, May 3rd. BMO Capital Markets cut shares of Iamgold from an outperform rating to a market perform rating in a research report on Monday, May 6th. Wells Fargo & Co reiterated a hold rating and set a $11.00 price objective on shares of Coty in a research report on Wednesday, May 8th. Goldman Sachs Group set a €75.30 ($87.56) price objective on shares of Stroeer SE & Co KGaA and gave the stock a buy rating in a research report on Monday, May 6th. Finally, Evercore ISI began coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They set an outperform rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $120.45.

POST stock opened at $110.98 on Thursday. The stock’s 50 day moving average is $105.87. The firm has a market cap of $8.14 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 3.20 and a beta of 0.28. Post has a 1 year low of $83.88 and a 1 year high of $113.73. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.08 and a current ratio of 1.93.

Post (NYSE:POST) last released its quarterly earnings data on Thursday, May 2nd. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.15. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Post had a net margin of 4.15% and a return on equity of 10.94%. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. On average, analysts predict that Post will post 4.96 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in POST. Martingale Asset Management L P increased its position in shares of Post by 24.2% during the first quarter. Martingale Asset Management L P now owns 295,354 shares of the company’s stock worth $32,314,000 after buying an additional 57,631 shares during the period. Rothschild & Co. Asset Management US Inc. increased its position in shares of Post by 3.7% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 153,217 shares of the company’s stock worth $16,762,000 after buying an additional 5,501 shares during the period. FMR LLC increased its position in shares of Post by 9.3% during the first quarter. FMR LLC now owns 3,648,763 shares of the company’s stock worth $399,175,000 after buying an additional 309,004 shares during the period. Gotham Asset Management LLC increased its position in shares of Post by 5,113.8% during the fourth quarter. Gotham Asset Management LLC now owns 199,532 shares of the company’s stock worth $17,784,000 after buying an additional 195,705 shares during the period. Finally, Smith Moore & CO. increased its position in shares of Post by 10.4% during the fourth quarter. Smith Moore & CO. now owns 6,570 shares of the company’s stock worth $586,000 after buying an additional 617 shares during the period. Hedge funds and other institutional investors own 91.42% 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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