Wall Street Zen Downgrades H. B. Fuller (NYSE:FUL) to Buy

H. B. Fuller (NYSE:FUL) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other brokerages have also issued reports on FUL. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a research report on Friday, June 26th. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and increased their price target for the company from $58.00 to $67.00 in a report on Friday, June 26th. Vertical Research upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, Citigroup upped their price objective on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.86.

H. B. Fuller Stock Performance

FUL opened at $55.56 on Friday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.98. The stock’s 50 day moving average price is $59.77 and its two-hundred day moving average price is $60.85. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. H. B. Fuller has a 12-month low of $48.71 and a 12-month high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company had revenue of $950.27 million for the quarter, compared to the consensus estimate of $924.83 million. During the same period in the previous year, the business posted $1.18 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts forecast that H. B. Fuller will post 4.87 earnings per share for the current year.

Institutional Investors Weigh In On H. B. Fuller

Institutional investors and hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new position in shares of H. B. Fuller during the 4th quarter worth about $2,644,000. Congruence Capital LLC bought a new stake in H. B. Fuller in the fourth quarter valued at about $10,048,000. Kennedy Capital Management LLC raised its position in H. B. Fuller by 43.4% in the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock worth $37,471,000 after purchasing an additional 190,750 shares in the last quarter. Norges Bank acquired a new position in H. B. Fuller in the fourth quarter worth about $44,203,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in H. B. Fuller during the fourth quarter worth about $2,283,000. Institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

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.