H. B. Fuller (NYSE:FUL) Price Target Cut to $67.00 by Analysts at Citigroup

H. B. Fuller (NYSE:FUL) had its price target lowered by research analysts at Citigroup from $76.00 to $67.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective would suggest a potential upside of 35.59% from the company’s current price.

FUL has been the subject of several other reports. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. UBS Group set a $66.00 price objective on shares of H. B. Fuller in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, H. B. Fuller currently has a consensus rating of “Hold” and an average price target of $65.50.

H. B. Fuller Stock Down 5.1%

FUL traded down $2.64 during trading on Thursday, hitting $49.41. 158,730 shares of the company’s stock were exchanged, compared to its average volume of 477,407. H. B. Fuller has a fifty-two week low of $47.56 and a fifty-two week high of $68.63. The stock has a market cap of $2.69 billion, a P/E ratio of 16.46, a PEG ratio of 0.82 and a beta of 1.07. The business’s 50 day moving average is $62.48 and its two-hundred day moving average is $60.42. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 1.01.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The company had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts expect that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H. B. Fuller

Several large investors have recently made changes to their positions in FUL. Bayban purchased a new position in shares of H. B. Fuller in the 4th quarter worth about $156,000. Caitong International Asset Management Co. Ltd grew its position in shares of H. B. Fuller by 510.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,466 shares of the specialty chemicals company’s stock valued at $87,000 after acquiring an additional 1,226 shares during the period. DGS Capital Management LLC purchased a new stake in shares of H. B. Fuller during the 4th quarter worth approximately $204,000. Invesco Ltd. raised its holdings in shares of H. B. Fuller by 1.4% in the 4th quarter. Invesco Ltd. now owns 152,960 shares of the specialty chemicals company’s stock worth $9,095,000 after purchasing an additional 2,042 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of H. B. Fuller by 92.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,433 shares of the specialty chemicals company’s stock worth $442,000 after purchasing an additional 3,575 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

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.