H.B. Fuller (NYSE:FUL) Receives $84.20 Consensus Price Target from Brokerages

Shares of H.B. Fuller (NYSE:FUL) have been assigned a consensus recommendation of “Reduce” from the four ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $76.50.

Several research analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday.

Institutional Trading of H.B. Fuller

Institutional investors have recently bought and sold shares of the business. Wesbanco Bank Inc. grew its holdings in H.B. Fuller by 41.2% during the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock worth $924,000 after acquiring an additional 4,000 shares during the period. S&CO Inc. grew its holdings in shares of H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after buying an additional 920 shares during the period. Marshall Wace LLP grew its holdings in shares of H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 shares during the period. Lord Abbett & CO. LLC grew its holdings in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after buying an additional 324,056 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of H.B. Fuller by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after buying an additional 18,734 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

H.B. Fuller Stock Performance

FUL stock opened at $62.14 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16. The company has a 50 day moving average price of $70.82 and a 200 day moving average price of $76.79. H.B. Fuller has a fifty-two week low of $60.96 and a fifty-two week high of $87.67. The stock has a market capitalization of $3.39 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The company had revenue of $923.00 million during the quarter, compared to the consensus estimate of $916.84 million. During the same quarter last year, the firm earned $1.32 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts forecast that H.B. Fuller will post 3.84 EPS for the current year.

About H.B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.