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Fortune Brands (FBHS) Gets a Buy Rating from J.P. Morgan

In a report issued on February 4, Michael Rehaut from J.P. Morgan maintained a Buy rating on Fortune Brands (FBHSResearch Report), with a price target of $123.00. The company’s shares closed last Friday at $88.80.

According to TipRanks.com, Rehaut is a 3-star analyst with an average return of 2.6% and a 52.2% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker, Century Communities, and M.D.C. Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortune Brands with a $116.33 average price target, representing a 29.3% upside. In a report issued on February 2, RBC Capital also maintained a Buy rating on the stock with a $114.00 price target.

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Based on Fortune Brands’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.96 billion and net profit of $175 million. In comparison, last year the company earned revenue of $1.66 billion and had a net profit of $164 million.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FBHS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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