Barclays Believes FBHS Won’t Stop Here

By George MacDonald

Barclays analyst Stephen Kim reiterated a Buy rating on Fortune Brands (NYSE: FBHS) today and set a price target of $51. The company’s shares opened today at $46.92, close to its 52-week high of $48.02.

Fortune Brands has an analyst consensus of Hold.

Based on Fortune Brands` latest earnings report from December 31, the company posted quarterly revenue of $940.3M and quarterly net profit of $45.1M. In comparison, last year the company earned revenue of $966.2M and had a net profit of $40.8M.

According to TipRanks.com, Kim is a 5-star analyst with an average return of 15.8% and a 64.0% success rate. Kim covers the Industrial Goods sector, focusing on stocks such as Stanley Black & Decker Inc, CaesarStone Sdot-Yam, and Armstrong Ind.

Fortune Brands Home & Security Inc is a home and security products company. It has four segments: Kitchen & Bath Cabinetry, Plumbing & Accessories, Advanced Material Windows & Door Systems, and Security & Storage.