Fortune Brands Home & Security PT Raised to $51.00 (FBHS)
Barclays Capital increased their target price on shares of Fortune Brands Home & Security (NASDAQ:FBHS) from $49.00 to $51.00 in a research note issued on Tuesday, StockRatingsNetwork reports. Barclays Capital’s target price points to a potential upside of 24.72% from the company’s current price.
A number of other firms have also recently commented on FBHS. Analysts at RBC Capital raised their price target on shares of Fortune Brands Home & Security (NASDAQ:FBHS) from $48.00 to $49.00 in a research note to investors on Thursday, July 25th. Analysts at Zacks downgraded shares of Fortune Brands Home & Security (NASDAQ:FBHS) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 24th. They now have a $47.50 price target on the stock.
Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $45.42.
Fortune Brands Home & Security (NASDAQ:FBHS) traded up 2.71% on Tuesday, hitting $40.89. 1,700,504 shares of the company’s stock traded hands. Fortune Brands Home & Security has a 52-week low of $25.97 and a 52-week high of $44.04. The stock’s 50-day moving average is $39.10 and its 200-day moving average is $38.53. The company has a market cap of $6.788 billion and a P/E ratio of 42.71.
Fortune Brands Home & Security (NASDAQ:FBHS) last announced its earnings results on Wednesday, July 24th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that Fortune Brands Home & Security will post $1.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 18th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, August 27th.
In other Fortune Brands Home & Security news, Insider David B. Lingafelter unloaded 1,272 shares of the company’s stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $39.74, for a total transaction of $50,549.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Fortune Brands Home & Security, Inc is engaged in home and security products with companies focused on the design, manufacture and sale of products in Kitchen & Bath Cabinetry, Plumbing & Accessories, advanced material windows & entry door Systems, and security and storage products.
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