After Wells Fargo and SunTrust Robinson gave Post Holdings Inc (NYSE: POST) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Andrew Lazar maintained a Buy rating on Post Holdings Inc yesterday and set a price target of $105. The company’s shares closed yesterday at $93.21, close to its 52-week high of $96.96.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 6.8% and a 63.6% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as McCormick & Company, TreeHouse Foods, and Pinnacle Foods.
Currently, the analyst consensus on Post Holdings Inc is a Strong Buy with an average price target of $112, representing a 20.2% upside. In a report issued on August 3, Pivotal Research also maintained a Buy rating on the stock with a $120 price target.
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Based on Post Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $96.5 million. In comparison, last year the company had a GAAP net loss of $59.5 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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Post Holdings, Inc. engages in the manufacturing, marketing, and distribution of branded and private label ready-to-eat cereals products. It operates through the following segments: Post Consumer Brands, Michael Foods Group, Active Nutrition, and Private Brands.
