H.B. Fuller Upgraded to “Buy” by Deutsche Bank (FUL)
H.B. Fuller (NYSE:FUL) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $54.00 target price on the stock. Deutsche Bank’s price target points to a potential upside of 13.83% from the stock’s previous close.
H.B. Fuller (NYSE:FUL) traded up 2.15% on Friday, hitting $48.46. 351,392 shares of the company’s stock traded hands. H.B. Fuller has a 1-year low of $36.45 and a 1-year high of $53.31. The stock has a 50-day moving average of $48.60 and a 200-day moving average of $48.37. The company has a market cap of $2.417 billion and a P/E ratio of 26.91.
H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $0.78 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.78. The company had revenue of $544.00 million for the quarter, compared to the consensus estimate of $545.18 million. During the same quarter last year, the company posted $0.67 earnings per share. H.B. Fuller’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that H.B. Fuller will post $3.07 earnings per share for the current fiscal year.
H.B. Fuller Company is formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products.
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