At the time of writing, Fortune Brands Innovations Inc [FBIN] stock is trading at $70.42, up 2.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FBIN shares have gain 12.42% over the last week, with a monthly amount glided 6.88%, and 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.
For the past year, the stock price of Fortune Brands Innovations Inc fluctuated between $54.10 and $84.92. Currently, Wall Street analysts expect the stock to reach $84.45 within the next 12 months. Fortune Brands Innovations Inc [NYSE: FBIN] shares were valued at $70.42 at the most recent close of the market. An investor can expect a potential return of 19.92% based on the average FBIN price forecast.
Analyzing the FBIN fundamentals
According to Fortune Brands Innovations Inc [NYSE:FBIN], the company’s sales were 4.70B for trailing twelve months, which represents an 6.69% jump. 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 69.15 points at the first support level, and at 67.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.46, and for the 2nd resistance point, it is at 72.50.
Ratios To Look Out For
It is important to note that Fortune Brands Innovations Inc [NYSE:FBIN] has a current ratio of 2.04. As well, the Quick Ratio is 1.08, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 3.88 and price to earnings (TTM) ratio is 21.55.
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.
