HB Fuller (FUL) Upgraded to Buy at Deutsche Bank

HB Fuller (NYSE:FUL) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $62.00 target price on the specialty chemicals company’s stock, up from their prior target price of $60.00. Deutsche Bank’s target price points to a potential upside of 13.70% from the company’s previous close.

A number of other brokerages have also recently issued reports on FUL. Citigroup cut HB Fuller from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a report on Tuesday, October 31st. Zacks Investment Research cut HB Fuller from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Finally, ValuEngine cut HB Fuller from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $62.00.

HB Fuller (NYSE:FUL) traded up $0.96 on Thursday, hitting $54.53. The stock had a trading volume of 696,471 shares, compared to its average volume of 399,504. HB Fuller has a 12 month low of $48.20 and a 12 month high of $58.74. The company has a quick ratio of 1.72, a current ratio of 2.63 and a debt-to-equity ratio of 0.74. The company has a market cap of $2,696.33, a P/E ratio of 48.26 and a beta of 1.73.

HB Fuller (NYSE:FUL) last posted its quarterly earnings data on Tuesday, January 23rd. The specialty chemicals company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.09). HB Fuller had a return on equity of 13.00% and a net margin of 2.53%. The firm had revenue of $678.20 million during the quarter, compared to the consensus estimate of $613.58 million. research analysts expect that HB Fuller will post 3.27 earnings per share for the current fiscal year.

In related news, VP Timothy J. Keenan sold 6,500 shares of HB Fuller stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.08, for a total value of $358,020.00. Following the transaction, the vice president now directly owns 29,611 shares in the company, valued at approximately $1,630,973.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC grew its holdings in shares of HB Fuller by 42.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after acquiring an additional 596 shares during the last quarter. Zions Bancorporation acquired a new position in shares of HB Fuller in the 3rd quarter worth $156,000. Public Employees Retirement System of Ohio grew its holdings in shares of HB Fuller by 5.4% during the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 172 shares in the last quarter. Suntrust Banks Inc. purchased a new position in shares of HB Fuller during the second quarter valued at $202,000. Finally, Reynders McVeigh Capital Management LLC purchased a new position in shares of HB Fuller during the third quarter valued at $203,000. Institutional investors and hedge funds own 92.33% of the company’s stock.

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HB Fuller Company Profile

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

Analyst Recommendations for HB Fuller (NYSE:FUL)

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