Fortune Brands Home & Security (FBHS) : Zacks Investment Research ranks Fortune Brands Home & Security (FBHS) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2, which indicates as a Buy.
Fortune Brands Home & Security (FBHS) : The highest level Fortune Brands Home & Security (FBHS) is projected to reach is $72 for the short term and the lowest estimate is at $55. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $63.86 and the possibility the share price can swing is $6.74.
For the current week, the company shares have a recommendation consensus of Buy. Fortune Brands Home & Security (NYSE:FBHS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.14 and $63.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.04, notching a gain of 0.14% for the day. The total traded volume was 1,637,221 . The stock had closed at $63.95 on the previous day.
In a related news, The officer (President MasterBrand Cabinets), of Fortune Brands Home & Security, Inc., Randich David had unloaded 55,600 shares at $63.12 per share in a transaction on August 1, 2016. The total value of transaction was $3,509,472. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Fortune Brands Home & Security, Inc. is a holding company. The Company, through its subsidiaries, engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets, Plumbing, Doors and Security. The Cabinets segment provides cabinetry, as well as vanities, for the kitchen, bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets, accessories and kitchen sinks in North America and China, predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segments products consist of locks, safety and security devices manufactured, sourced and distributed under the Master Lock brand, and fire resistant safes and commercial cabinets manufactured, sourced and distributed under the SentrySafe brand.