RBC Capital Sticks to Their Buy Rating for Fortune Brands

By Ryan Adsit

In a report released today, Robert Wetenhall from RBC Capital reiterated a Buy rating on Fortune Brands (NYSE: FBHS), with a price target of $75. The company’s shares opened today at $62.53.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 13.4% and a 78.9% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Masonite International.

Currently, the analyst consensus on Fortune Brands is Moderate Buy and the average price target is $70, representing an 11.9% upside.

In a report issued on May 31, Jefferies also reiterated a Buy rating on the stock with a $76 price target.

Fortune Brands’ market cap is currently $9.6B and has a P/E ratio of 22.78. The company has a book value ratio of 3.9538.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Last month, Danny Luburic, the Vice President & Controller of FBHS sold 3,700 shares for a total of $233,100.

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 business 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.