Analysts' ratings for Fortune Brands FBIN over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $85.0, along with a high estimate of $98.00 and a low estimate of $79.00. Marking an increase of 4.14%, the current average surpasses the previous average price target of $81.62.
Interpreting Analyst Ratings: A Closer Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Fortune Brands. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Susan Maklari | Goldman Sachs | Raises | Buy | $98.00 | $86.00 |
| Michael Rehaut | JP Morgan | Raises | Neutral | $84.00 | $82.00 |
| Matthew Bouley | Barclays | Raises | Overweight | $86.00 | $84.00 |
| Susan Maklari | Goldman Sachs | Raises | Buy | $86.00 | $75.00 |
| Mike Dahl | RBC Capital | Raises | Sector Perform | $81.00 | $79.00 |
| Keith Hughes | Truist Securities | Raises | Buy | $82.00 | $75.00 |
| Matthew Bouley | Barclays | Lowers | Overweight | $84.00 | $90.00 |
| Garik Shmois | Loop Capital | Lowers | Hold | $79.00 | $82.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Fortune Brands. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fortune Brands compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Fortune Brands's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Fortune Brands's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Fortune Brands analyst ratings.
Delving into Fortune Brands's Background
Fortune Brands Innovations is a leading home and security products company that has three reportable segments. The company's $2.6 billion water segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures; the $1.3 billion outdoors segment primarily sells entry doors under the Therma-Tru brand name and Fiberon-branded patio decking; and the $723 million security segment sells locks and other security devices under the Master Lock, SentrySafe, Yale, and August brand names.
A Deep Dive into Fortune Brands's Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Fortune Brands's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.56% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 10.8%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Fortune Brands's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 5.81%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Fortune Brands's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.99%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Fortune Brands's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.3, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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