H. B. Fuller (NYSE:FUL) Stock Price Expected to Rise, Citigroup Analyst Says

H. B. Fuller (NYSE:FUL) had its price target hoisted by stock analysts at Citigroup from $67.00 to $70.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s target price would suggest a potential upside of 17.19% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on FUL. Vertical Research raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. UBS Group reduced their target price on shares of H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

H. B. Fuller Stock Performance

FUL traded up $0.56 on Monday, hitting $59.73. 506,685 shares of the stock traded hands, compared to its average volume of 546,340. The business has a fifty day moving average price of $61.03 and a two-hundred day moving average price of $60.05. The company has a current ratio of 1.92, a quick ratio of 1.15 and a debt-to-equity ratio of 1.01. H. B. Fuller has a 52 week low of $47.56 and a 52 week high of $68.63. The firm has a market capitalization of $3.25 billion, a PE ratio of 19.88, a P/E/G ratio of 0.88 and a beta of 1.07.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, March 25th. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The company had revenue of $770.84 million during the quarter, compared to the consensus estimate of $787.77 million. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts predict that H. B. Fuller will post 4.07 EPS for the current fiscal year.

Institutional Trading of H. B. Fuller

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC boosted its position in shares of H. B. Fuller by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 11,687 shares of the specialty chemicals company’s stock worth $695,000 after purchasing an additional 168 shares during the last quarter. California State Teachers Retirement System boosted its stake in H. B. Fuller by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock worth $3,037,000 after acquiring an additional 173 shares during the last quarter. Glenmede Investment Management LP lifted its holdings in H. B. Fuller by 3.9% during the third quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock worth $285,000 after acquiring an additional 179 shares in the last quarter. CIBC Asset Management Inc raised its holdings in H. B. Fuller by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,273 shares of the specialty chemicals company’s stock worth $314,000 after buying an additional 185 shares during the period. Finally, Allworth Financial LP lifted its position in H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.