Investor Review: Tracking Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Taking a quick look at some possible support and resistance levels on shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS), we can see that the 52-week high is currently 68.35, and the 52-week low is currently 52.84. When shares are trading close to the 52-week high or 52-week low, investors may be watching for a move through either level. Checking in on recent action, we note that the stock has been trading near the $66.15 level. Investors may also want to keep an eye on historical price activity. During the past 12 weeks, the stock has moved 1.36%. Looking further back to the start of the calendar year, we can see that shares have moved 23.74%. Over the past 4 weeks, shares have seen a change of -2.26%. Over the last 5 trading days, the stock has moved -2.06%. Investors will be monitoring stock activity over the next few sessions to try and decipher which way the momentum is leaning.

Analysts have set a target price on shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS). The current consensus price target is $71.83. Wall Street analysts often provide price target projections on stocks that they cover. Price target projections can be created using a wide variety of methods. Many investors will closely track stock target prices, especially when analysts make updates. A thorough research report will generally offer detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.

Sell-side analysts have the capability of providing stock ratings for companies that they cover. According to analysts polled by Zacks Research, the current average broker rating on shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) is 2.08. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock. This rating falls on a numeric scale from 1 to 5. A score of 1 would indicate a Buy recommendation, and a score of 5 would represent a Sell recommendation. Out of all the analysts offering ratings, 6 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research.

Tracking the current quarter consensus EPS estimate for Fortune Brands Home & Security, Inc. (NYSE:FBHS), we have noted that the number is currently 0.8. This estimate is using 7 contributing analysts polled by Zacks Research. For the last quarter, the company posted a quarterly EPS of 0.83. Sell-side Wall Street analysts study companies and provide their opinions of where the stock might be going in the future. A lot of weight is given to analyst estimates, and earnings beats or misses revolve around these predictions. Sometimes these estimates are very close to the actual, and other times they are not. When a company announces actual earnings results, a large surprise factor can result in increased volatility. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term bump in price. On the flip side, a negative surprise may move the stock lower. Based on the unknown, many investors may choose to trade with caution around earnings releases.