Fortune Brands (FBHS) Receives a Buy from Credit Suisse

By Austin Angelo

In a report issued on October 26, Susan Maklari from Credit Suisse maintained a Buy rating on Fortune Brands (NYSE: FBHS), with a price target of $53. The company’s shares opened today at $41.40, close to its 52-week low of $40.89.

According to TipRanks.com, Maklari has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.5% and a 38.9% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker Inc, Green Brick Partners, and Mohawk Industries.

The word on The Street in general, suggests a Hold analyst consensus rating for Fortune Brands with a $56.60 average price target, representing a 36.7% upside. In a report issued on October 25, Loop Capital Markets also maintained a Buy rating on the stock with a $59 price target.

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Fortune Brands’ market cap is currently $5.9B and has a P/E ratio of 14.33. The company has a Price to Book ratio of 2.71.

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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.