Fortune Brands Innovations Inc [FBIN] stock is trading at $65.47, up 0.46%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FBIN shares have lost -3.19% over the last week, with a monthly amount drifted -4.52%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fortune Brands Innovations Inc [NYSE: FBIN] stock has seen the most recent analyst activity on January 31, 2024, when BMO Capital Markets downgraded its rating to a Market Perform and also boosted its price target to $82 from $76. Jefferies upgraded its rating to a Buy and increased its price target to $84 on April 28, 2023. Credit Suisse downgraded its rating to a Underperform but $48 remained the price target by the analyst firm on March 09, 2023. Loop Capital downgraded its rating to Hold for this stock on February 02, 2023, but kept the price target unchanged to $65. In a note dated January 30, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $61 to $60.
Fortune Brands Innovations Inc [FBIN] stock has fluctuated between $54.10 and $84.92 over the past year. Currently, Wall Street analysts expect the stock to reach $90 within the next 12 months. Fortune Brands Innovations Inc [NYSE: FBIN] shares were valued at $65.47 at the most recent close of the market. An investor can expect a potential return of 37.47% based on the average FBIN price forecast.
Analyzing the FBIN fundamentals
Fortune Brands Innovations Inc [NYSE:FBIN] reported sales of 4.70B for the trailing twelve months, which represents a growth of 6.69%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.19 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 65.07 points at the first support level, and at 64.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.76, and for the 2nd resistance point, it is at 66.06.
Ratios To Look Out For
For context, Fortune Brands Innovations Inc’s Current Ratio is 2.04. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 3.60 and price to earnings (TTM) ratio is 20.04.
Transactions by insiders
Recent insider trading involved WATERS RONALD V, Director, that happened on Mar 11 ’24 when 2000.0 shares were sold. EVP, Group President, PHYFER CHERI M completed a deal on Mar 05 ’24 to sell 19530.0 shares.
