Fortune Brands Innovations Inc [FBIN] stock is trading at $88.65, down -0.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The FBIN shares have gain 1.26% over the last week, with a monthly amount glided 11.64%, 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.
Fortune Brands Innovations Inc [FBIN] stock has fluctuated between $54.10 and $89.69 over the past year. Currently, Wall Street analysts expect the stock to reach $84.25 within the next 12 months. Fortune Brands Innovations Inc [NYSE: FBIN] shares were valued at $88.65 at the most recent close of the market. An investor can expect a potential drop of -4.96% based on the average FBIN price forecast.
Analyzing the FBIN fundamentals
Fortune Brands Innovations Inc [NYSE:FBIN] reported sales of 4.77B for the trailing twelve months, which represents a growth of 6.56%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.2 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.24.
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 87.48 points at the first support level, and at 86.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.18, and for the 2nd resistance point, it is at 91.70.
Ratios To Look Out For
For context, Fortune Brands Innovations Inc’s Current Ratio is 1.34. On the other hand, the Quick Ratio is 0.71, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 4.75 and price to earnings (TTM) ratio is 25.10.
Transactions by insiders
Recent insider trading involved HACKETT ANN F, Director, that happened on Aug 27 ’24 when 2197.0 shares were sold. Director, HACKETT ANN F completed a deal on Aug 27 ’24 to buy 2197.0 shares. Meanwhile, Officer Sheri Grissom bought 26367.0 shares on Jul 29 ’24.
