Goldman Sachs analyst Jason English has reiterated their bullish stance on POST stock, giving a Buy rating today.
Jason English has given his Buy rating due to a combination of factors that point towards a robust financial performance by Post Holdings. The company has reported strong earnings, with their EBITDA surpassing expectations in every business segment, indicating a broad-based operational strength. The notable performance in the Refrigerated Retail sector, the continued momentum in Foodservice, and the positive impact of the recent acquisition in the pet food space have all contributed to English’s optimistic view on the stock’s potential. The management’s upward revision of the full-year outlook further solidifies the company’s strong standing and supports the analyst’s positive sentiment.
Moreover, when compared to its peers in the Food industry, Post Holdings’ valuation appears particularly attractive, signaling a potential undervaluation by the market. This presents an opportunity for investors, as identified by English. The company’s sturdy financial foundation, as reflected in the recent earnings report, combined with its competitive valuation, underpins the Buy rating. English’s analysis suggests that Post Holdings is well-positioned for future growth, making the stock a compelling choice for investors seeking to capitalize on the company’s upward trajectory in the Food sector.
In another report released today, 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.
Read More on POST:
- Post Holdings Announces $400 Million Share Buyback Plan
- Post Holdings Announces CEO Robert Vitale’s Return
- Post Holdings Reports Results for the First Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook
- Post Holdings 2024 Virtual Shareholders’ Meeting Outcomes
- Post Holdings Inc Implements Key Corporate Amendments
