Analyst Robert Dickerson of Jefferies maintained a Buy rating on Post Holdings (POST – Research Report), with a price target of $110.00.
Robert Dickerson’s Buy rating for Post Holdings is based on a variety of factors. Despite the unexpected medical leave of the company’s CEO, Rob Vitale, the company demonstrated robust preliminary Q4 EBITDA results. While sales were slightly below consensus, EBITDA was strong, surpassing expectations. The company’s EBITDA margin also showed a year-on-year and sequential improvement, further solidifying the company’s financial health.
In addition to the strong financial performance, the company’s FY’24 EBITDA guidance is in line with expectations, indicating a positive outlook. Dickerson also highlighted the ongoing strength in the company’s foodservice sector, the potential for synergies in the pet sector, and the possibility of further margin expansion for PCB. Despite the temporary change in leadership, Post Holdings is demonstrating strong performance and growth potential, which have contributed to Dickerson’s Buy rating.
In another report released on November 3, Piper Sandler also maintained a Buy rating on the stock with a $115.00 price target.
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Post Holdings (POST) Company Description:
Post Holdings, Inc. is a consumer packaged goods holding company, which engages in operating of centre-of-the-store, refrigerated, foodservice, food ingredient, active nutrition, and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Refrigerated Food, Active Nutrition, and Foodservice. The Post Consumer Brands segment manufactures, markets, and sells branded and private label RTE cereal and hot cereal products. The Weetabix segment focuses in the marketing and distribution of branded and private label RTE cereal products. The Refrigerated Food segment produces and/or distributes egg products, sausage, side dishes, cheese, and other refrigerated products to retail and foodservice customers. The Active Nutrition segment markets and distributes ready-to-drink beverages, bars, powders, and other nutritional supplements. The Foodservice segment includes egg and potato products. The company was founded by Charles William Post in 1895 and is headquartered in St. Louis, MO.
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