Fortune Brands Home & Security Given New $45.00 Price Target at JPMorgan Chase & Co. (FBHS)
JPMorgan Chase & Co. increased their price target on shares of Fortune Brands Home & Security (NASDAQ:FBHS) from $44.00 to $45.00 in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 14.65% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Fortune Brands Home & Security from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 3rd. They now have a $47.50 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Fortune Brands Home & Security from $49.00 to $51.00 in a research note to investors on Tuesday, September 10th. Finally, analysts at RBC Capital raised their price target on shares of Fortune Brands Home & Security from $48.00 to $49.00 in a research note to investors on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Fortune Brands Home & Security presently has an average rating of “Buy” and an average price target of $46.25.
Fortune Brands Home & Security (NASDAQ:FBHS) traded down 0.93% during mid-day trading on Wednesday, hitting $39.25. 1,509,703 shares of the company’s stock traded hands. Fortune Brands Home & Security has a one year low of $26.32 and a one year high of $44.04. The stock’s 50-day moving average is $39.98 and its 200-day moving average is $39.43. The company has a market cap of $6.516 billion and a P/E ratio of 42.51.
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 last year, the company posted $0.29 earnings per share. Fortune Brands Home & Security’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that Fortune Brands Home & Security will post $1.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 18th. Shareholders of record on Friday, November 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 1.02%. The ex-dividend date of this dividend is Tuesday, November 26th.
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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