Analyst Rating Update on Fortune Brands Home & Security (FBHS)

Fortune Brands Home & Security (NYSE:FBHS) : The consensus on Fortune Brands Home & Security (NYSE:FBHS) based on 7 analyst recommendation on the company stock is 2.29, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Fortune Brands Home & Security (NYSE:FBHS) : Currently there are 6 street experts covering Fortune Brands Home & Security (NYSE:FBHS) stock. The most bullish and bearish price target for the stock is $65 and $55 respectively for the short term. The average price target of all the analysts comes to $60.67. The estimated standard deviation from the target is $3.78.

Company shares have received an average consensus rating of Hold for the current week Also, Topeka Capital initiates coverage on Fortune Brands Home & Security (NYSE:FBHS). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Topeka Capital announces a current price target of $64 per share. The rating by the firm was issued on May 24, 2016.

Fortune Brands Home & Security (NYSE:FBHS): stock turned positive on Tuesday. Though the stock opened at $55.73, the bulls momentum made the stock top out at $56.308 level for the day. The stock recorded a low of $55.49 and closed the trading day at $56.15, in the green by 1.89%. The total traded volume for the day was 1,863,309. The stock had closed at $55.11 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Wyatt E Lee, officer (SVP and CFO) of Fortune Brands Home & Security, Inc., had unloaded 24,303 shares at an average price of $58.38 in a transaction dated on May 24, 2016. The total value of the transaction was worth $1,418,809.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.