HB Fuller (NYSE:FUL) had its target price increased by equities research analysts at Citigroup from $30.00 to $46.00 in a report released on Monday, The Fly reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup‘s price objective indicates a potential upside of 3.53% from the company’s current price.
Other analysts have also recently issued reports about the stock. Deutsche Bank boosted their price objective on shares of HB Fuller from $31.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Stifel Nicolaus reissued a “buy” rating and set a $54.00 price objective on shares of HB Fuller in a research note on Friday, June 26th. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Zacks Investment Research cut shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised shares of HB Fuller from a “neutral” rating to an “overweight” rating and set a $34.00 price objective for the company in a research note on Friday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.43.
FUL stock opened at $44.43 on Monday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 18.67, a PEG ratio of 2.48 and a beta of 1.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.19 and a current ratio of 1.89. HB Fuller has a one year low of $23.68 and a one year high of $52.40. The company has a 50 day moving average price of $39.13 and a two-hundred day moving average price of $40.57.
HB Fuller (NYSE:FUL) last released its earnings results on Wednesday, June 24th. The specialty chemicals company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.13. HB Fuller had a net margin of 4.43% and a return on equity of 11.89%. The firm had revenue of $675.00 million during the quarter, compared to analysts’ expectations of $664.28 million. During the same period in the previous year, the company earned $0.88 EPS. HB Fuller’s revenue for the quarter was down 11.2% on a year-over-year basis. Research analysts forecast that HB Fuller will post 2.35 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in FUL. Chevy Chase Trust Holdings Inc. purchased a new stake in HB Fuller during the 4th quarter worth $27,000. Advisor Group Holdings Inc. purchased a new stake in HB Fuller during the 1st quarter worth $27,000. Ellevest Inc. lifted its holdings in HB Fuller by 117.1% in the 1st quarter. Ellevest Inc. now owns 1,196 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 645 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in HB Fuller by 367.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,178 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 926 shares in the last quarter. Finally, FMR LLC lifted its holdings in HB Fuller by 37.1% in the 4th quarter. FMR LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $52,000 after buying an additional 272 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.
HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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