Fortune Brands Home & Security Receives Average Rating of “Buy” from Brokerages (NASDAQ:FBHS)
Shares of Fortune Brands Home & Security (NASDAQ:FBHS) have earned an average rating of “Buy” from the nine brokerages that are covering the company, AnalystRatingsNetwork reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $47.00.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Fortune Brands Home & Security from $43.00 to $44.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Fortune Brands Home & Security in a research note on Thursday, July 31st. They now have a $46.00 price target on the stock, down previously from $47.00. Finally, analysts at Barclays cut their price target on shares of Fortune Brands Home & Security from $52.00 to $47.00 in a research note on Friday, July 11th. They now have an “overweight” rating on the stock.
Fortune Brands Home & Security (NASDAQ:FBHS) traded up 0.22% during mid-day trading on Thursday, hitting $41.17. 182,032 shares of the company’s stock traded hands. Fortune Brands Home & Security has a 52-week low of $35.80 and a 52-week high of $47.92. The stock’s 50-day moving average is $38.95 and its 200-day moving average is $41.26. The company has a market cap of $6.524 billion and a P/E ratio of 26.69.
Fortune Brands Home & Security (NASDAQ:FBHS) last announced its earnings results on Wednesday, July 30th. The company reported $0.55 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.55. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that Fortune Brands Home & Security will post $1.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, August 27th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.