Fortune Brands (FBHS) Receives a Buy from Jefferies

In a report issued on June 9, Philip Ng from Jefferies maintained a Buy rating on Fortune Brands (FBHS), with a price target of $78.00. The company’s shares closed last Wednesday at $85.91, close to its 52-week high of $90.94.

According to, Ng is a 5-star analyst with an average return of 14.1% and a 70.0% success rate. Ng covers the Basic Materials sector, focusing on stocks such as Berry Global Group, Vulcan Materials, and Summit Materials.

Currently, the analyst consensus on Fortune Brands is a Moderate Buy with an average price target of $83.11, which is a -5.0% downside from current levels. In a report issued on May 27, Nomura also maintained a Buy rating on the stock with a $64.00 price target.

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Based on Fortune Brands’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.38 billion and net profit of $116 million. In comparison, last year the company earned revenue of $1.51 billion and had a net profit of $138 million.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is neutral on the stock.

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Fortune Brands Home & Security, Inc. manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen, bath and other parts. The Plumbing segment involves faucets, accessories, and kitchen sinks. The Doors segment comprises of fiberglass and steel entry door systems. The Security segment offers locks, safety and security devices, and electronic security products manufactured, sourced, and distributed under the Master Lock brand. Its brands include master lock security products, masterbrand cabinets, Moen faucets, Simonton windows, and Therma-Tru entry door systems. The company was founded on June 9, 1988 and is headquartered in Deerfield, IL.

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