Fortune Brands Home & Security Price Target Increased to $47.00 by Analysts at JPMorgan Chase & Co. (FBHS)
Equities researchers at JPMorgan Chase & Co. hoisted their price target on shares of Fortune Brands Home & Security (NASDAQ:FBHS) from $46.00 to $47.00 in a research report issued on Friday, American Banking News.com reports. JPMorgan Chase & Co.’s target price suggests a potential upside of 4.31% from the stock’s previous close.
Shares of Fortune Brands Home & Security (NASDAQ:FBHS) traded up 4.28% during mid-day trading on Friday, hitting $45.06. 2,347,400 shares of the company’s stock traded hands. Fortune Brands Home & Security has a one year low of $32.10 and a one year high of $47.92. The stock has a 50-day moving average of $45.33 and a 200-day moving average of $41.85. The company has a market cap of $7.490 billion and a P/E ratio of 40.23.
Fortune Brands Home & Security (NASDAQ:FBHS) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.38. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Fortune Brands Home & Security will post $2.00 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Macquarie upgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $51.00 price target on the stock, up previously from $48.00. Separately, analysts at Credit Suisse raised their EPS on shares of Fortune Brands Home & Security in a research note to investors on Thursday. They now have a “neutral” rating and a $47.00 price target on the stock. Finally, analysts at Iberia Capital downgraded shares of Fortune Brands Home & Security from a “strong-buy” rating to a “neutral” rating in a research note to investors on Thursday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.72.
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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