Ralcorp Holdings (RAH) Shares Freeze Day After Gelit Acquisition; Barclays Sees More Upside
Get Alerts RAH Hot Sheet
Price: $89.98 --0%
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Shares of Ralcorp Holdings Inc. (NYSE: RAH) jumped $1.16 yesterday after the company announced it was acquiring Gelit, a frozen food maker in Italy. However, today the stock is stuck in Neutral, currently at $65.52, up $0.01.
Well, Barclays analyst, Andrew Lazar, continues to like shares at the current level (his price target is $77). Lazar thinks an acquisition that is accretive in the first 12 months along will putting back nearly $1.00/share in non-cash amortization, shares are trading at a 15% vs. peer group. Also of note, Lazar added that Ralcorp is expected to monetize it's 20% ownership stake in Post (Nasdaq: POST), added up to another $0.18 to EPS.
Barclays maintains it's 'Overweight' rating on the stock.
For an analyst ratings summary and ratings history on Ralcorp Holdings Inc. click here. For more ratings news on Ralcorp Holdings Inc. click here.
Shares of Ralcorp Holdings Inc. closed at $65.51 yesterday.
Well, Barclays analyst, Andrew Lazar, continues to like shares at the current level (his price target is $77). Lazar thinks an acquisition that is accretive in the first 12 months along will putting back nearly $1.00/share in non-cash amortization, shares are trading at a 15% vs. peer group. Also of note, Lazar added that Ralcorp is expected to monetize it's 20% ownership stake in Post (Nasdaq: POST), added up to another $0.18 to EPS.
Barclays maintains it's 'Overweight' rating on the stock.
For an analyst ratings summary and ratings history on Ralcorp Holdings Inc. click here. For more ratings news on Ralcorp Holdings Inc. click here.
Shares of Ralcorp Holdings Inc. closed at $65.51 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- SL Green Realty (SLG) PT Lowered to $45 at Jefferies
- Bunge (BG) PT Raised to $122 at Citi
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Mergers and AcquisitionsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!