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TheStreet Wire

Fortune Rises On Unusually High Volume (FO)

By TheStreet Wire 08/09/11 - 03:48 PM EDT

Find out if (FO) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Fortune Brands Inc (NYSE:FO) is trading at unusually high volume Tuesday with 3.7 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.22 (+2.4%) at $52.75 as of 3:27 p.m. ET.

Fortune has a market cap of $8.4 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 14.5% year to date as of the close of trading on Monday.

Fortune Brands, Inc., through its subsidiaries, manufactures and sells branded consumer products in the distilled spirits, home and security, and golf markets primarily in the United States, Europe, Mexico, Canada, Australia, and Asia. The company has a P/E ratio of 20.3, above the average consumer durables industry P/E ratio of 14.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fortune as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Fortune Ratings Report.

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