Fortune Brands Received its Third Buy in a Row

By Carrie Williams

After Robert W. Baird and Credit Suisse assigned a Buy rating to Fortune Brands in the last month, the company received another Buy, this time from Jefferies. Analyst Philip Ng reiterated a Buy rating on Fortune Brands (NYSE: FBHS) today and set a price target of $81. The company’s shares closed yesterday at $69.82.

According to TipRanks.com, Ng is a top 100 analyst with an average return of 19.7% and a 81.7% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, International Paper Co, and General Dynamics Corp.

Currently, the analyst consensus on Fortune Brands is Strong Buy and the average price target is $78.67, representing a 12.7% upside.

In a report issued on January 22, Credit Suisse also reiterated a Buy rating on the stock with a $80 price target.

Fortune Brands’ market cap is currently $10.6B and has a P/E ratio of 24.32. The company has a book value ratio of 4.1657.

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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.