Jefferies Remains a Buy on Fortune Brands

By Austin Angelo

Jefferies analyst Philip Ng reiterated a Buy rating on Fortune Brands (NYSE: FBHS) yesterday and set a price target of $76. The company’s shares closed yesterday at $63.10.

According to, Ng is a top 100 analyst with an average return of 17.9% and a 86.0% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, International Paper Co, and Graphic Packaging.

Fortune Brands has an analyst consensus of Moderate Buy, with a price target consensus of $70.

The company has a one year high of $66.01 and a one year low of $52.05. Currently, Fortune Brands has an average volume of 1.23M.

Based on the recent corporate insider activity of 53 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.

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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. 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.