Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN – Get Rating) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $68.20.
FBIN has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of Fortune Brands Innovations from $70.00 to $74.00 in a report on Tuesday, May 9th. Credit Suisse Group cut shares of Fortune Brands Innovations from a “neutral” rating to an “underperform” rating and set a $48.00 price target on the stock. in a report on Thursday, March 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fortune Brands Innovations from $67.00 to $72.00 in a report on Friday, April 28th. Truist Financial upped their price target on shares of Fortune Brands Innovations from $70.00 to $75.00 in a report on Friday, February 17th. Finally, Loop Capital lowered shares of Fortune Brands Innovations from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, February 2nd.
Fortune Brands Innovations Stock Up 0.1 %
FBIN stock opened at $62.04 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.63 and a quick ratio of 0.97. Fortune Brands Innovations has a twelve month low of $49.51 and a twelve month high of $71.93. The company has a market capitalization of $7.86 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 5.68 and a beta of 1.50. The company’s fifty day moving average price is $60.75.
Fortune Brands Innovations Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Friday, May 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.48%. Fortune Brands Innovations’s payout ratio is currently 20.26%.
Fortune Brands Innovations Company Profile
Fortune Brands Innovations, Inc manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Outdoors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen and bath.
- Get a free copy of the StockNews.com research report on Fortune Brands Innovations (FBIN)
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