SunTrust Robinson Keeps a Hold Rating on Fortune Brands

By Austin Angelo

In a report issued on November 6, Keith Hughes from SunTrust Robinson reiterated a Hold rating on Fortune Brands (NYSE: FBHS), with a price target of $63. The company’s shares closed yesterday at $63.97.

According to TipRanks.com, Hughes is a top 100 analyst with an average return of 17.7% and a 85.9% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Armstrong Flooring Inc.

Currently, the analyst consensus on Fortune Brands is Moderate Buy and the average price target is $72.75, representing a 13.7% upside.

In a report issued on October 24, KeyBanc also reiterated a Hold rating on the stock.

Based on Fortune Brands’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.35 billion and quarterly net profit of $130 million. In comparison, last year the company earned revenue of $1.28 billion and had a net profit of $123 million.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.

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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.