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

H. B. Fuller (NYSE:FUL) had its target price increased by equities researchers at Citigroup from $67.00 to $70.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s target price indicates a potential upside of 13.61% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group lowered their price target on H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Finally, Vertical Research upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, H. B. Fuller currently has an average rating of “Moderate Buy” and an average price target of $65.50.

H. B. Fuller Stock Performance

FUL stock opened at $61.61 on Monday. The firm has a 50 day simple moving average of $61.08 and a 200 day simple moving average of $60.02. H. B. Fuller has a 52 week low of $47.56 and a 52 week high of $68.63. The stock has a market cap of $3.36 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.89 and a beta of 1.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.15 and a current ratio of 1.92.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, March 25th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $770.84 million for the quarter, compared to analyst estimates of $787.77 million. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Research analysts anticipate that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H. B. Fuller

Hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC bought a new stake in H. B. Fuller in the 3rd quarter valued at $28,000. Allworth Financial LP increased its holdings in shares of H. B. Fuller by 50.1% during the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 193 shares during the period. Covestor Ltd increased its holdings in shares of H. B. Fuller by 22,833.3% during the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares during the period. Hantz Financial Services Inc. raised its position in shares of H. B. Fuller by 432.9% during the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 632 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of H. B. Fuller in the fourth quarter valued at about $46,000. Institutional investors and hedge funds 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.