Is A Downturn Overdue? Fortune Brands Home & Security Inc. (NYSE:FBHS), WEC Energy Group Inc. (NYSE:WEC)?

The shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) has been pegged with a rating of Outperform by RBC Capital Mkts in its latest research note that was published on March 16, 2020. The Consumer Goods company has also assigned a $59 price target. RBC Capital Mkts wasn’t the only research firm that published a report of Fortune Brands Home & Security Inc., with other equities research analysts also giving their opinion on the stock. Loop Capital advised investors in its research note published on January 30, 2020, to Hold the FBHS stock while also putting a $72 price target. The stock had earned Neutral rating from BofA/Merrill Markets when it published its report on January 07, 2020. The stock was given Sector Perform rating by RBC Capital Mkts in its report released on December 17, 2019, the day when the price target on the stock was placed at 67. Deutsche Bank was of a view that FBHS is Buy in its latest report on November 21, 2019. SunTrust thinks that FBHS is worth Buy rating. This was contained in the firm’s report on October 28, 2019 in which the stock’s price target was also moved to 75.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $62.85. The price of the stock the last time has raised by 19.09% from its 52-Week high price while it is -44.91% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 32.76.

The shares of the company added by 15.91% during the trading session on Tuesday, reaching a low of $36.81 while ending the day at $40.37. During the trading session, a total of 897987.0 shares were traded which represents a 38.07% incline from the average session volume which is 1.45 million shares. FBHS had ended its last session trading at $34.83. Fortune Brands Home & Security Inc. currently has a market cap of $5.64 billion, while its P/E ratio stands at 13.19, while its P/E earnings growth sits at 1.91, with a beta of 1.75. Fortune Brands Home & Security Inc. debt-to-equity ratio currently stands at 0.90, while its quick ratio hovers at 0.80 FBHS 52-week low price stands at $33.90 while its 52-week high price is $73.28.

The company in its last quarterly report recorded $1.00 earnings per share which is above the predicted by most analysts. The Fortune Brands Home & Security Inc. generated 387.9 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.95 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 37.0%. Fortune Brands Home & Security Inc. has the potential to record 3.93 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Evercore ISI published a research note on March 16, 2020 where it informed investors and clients that WEC Energy Group Inc. (NYSE:WEC) is now rated as In-line. KeyBanc Capital Markets also rated WEC as Upgrade on March 13, 2020, with its price target of $96 suggesting that WEC could surge by 15.41% from its current share price. Even though the stock has been trading at $70.89/share, analysts expect it to surge by 13.15% to reach $94.82/share. It started the day trading at $80.68 and traded between $70.29 and $80.21 throughout the trading session.

A look at its technical shows that WEC’s 50-day SMA is 97.73 while its 200-day SMA stands at 91.94. The stock has a high of $109.53 for the year while the low is $68.01. The stock, however, witnessed a rise in its short on 02/28/20. Compared to previous close which recorded 8.82 M shorted shares, the short percentage went lower by -13.25%, as 7.65M FBHS shares were shorted. At the moment, only 2.43% of WEC Energy Group Inc. shares were sold short. The company’s P/E ratio currently sits at 22.41, while the P/B ratio is 2.50. The company’s average trading volume currently stands at 1.95M shares, which means that the short-interest ratio is just 3.93 days. Over the past seven days, the company moved, with its shift of -21.72%. Looking further, the stock has dropped -13.61% over the past 90 days while it lost -14.63% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. sold more WEC shares, decreasing its portfolio by -0.07% during the last quarter. This move now sees The The Vanguard Group, Inc. selling -29,116 shares in the last quarter, thus it now holds 39,789,155 shares of WEC, with a total valuation of $3,673,732,681. BlackRock Fund Advisors meanwhile bought more WEC shares in the recently filed quarter, changing its stake to $2,158,412,167 worth of shares.

Similarly, SSgA Funds Management, Inc. increased its WEC Energy Group Inc. shares by 4.76% during the recently filed quarter. After buying 17,720,442 shares in the last quarter, the firm now controls 805,484 shares of WEC Energy Group Inc. which are valued at $1,636,128,410. In the same vein, Magellan Asset Management Ltd. increased its WEC Energy Group Inc. shares by during the most recent reported quarter. The firm bought 548,188 shares during the quarter which increased its stakes to 14,070,054 shares and is now valued at $1,299,088,086. Following these latest developments, around 0.10% of WEC Energy Group Inc. stocks are owned by institutional investors and hedge funds.