HB Fuller (NYSE:FUL) Given New $45.00 Price Target at Robert W. Baird

HB Fuller (NYSE:FUL) had its price target increased by Robert W. Baird from $35.00 to $45.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Other equities analysts also recently issued reports about the company. TheStreet downgraded HB Fuller from a b- rating to a c+ rating in a research report on Thursday, March 5th. Stifel Nicolaus cut their target price on HB Fuller from $57.00 to $51.00 and set a buy rating for the company in a research report on Tuesday, March 24th. Citigroup cut their target price on HB Fuller from $50.00 to $30.00 and set a neutral rating for the company in a research report on Friday, March 27th. JPMorgan Chase & Co. upgraded HB Fuller from a neutral rating to an overweight rating and set a $34.00 target price for the company in a research report on Friday, April 17th. Finally, Deutsche Bank upped their target price on HB Fuller from $31.00 to $45.00 and gave the stock a hold rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $48.43.

Shares of NYSE FUL opened at $42.50 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 1.56. The stock has a 50 day simple moving average of $39.01 and a 200-day simple moving average of $40.61. The company has a market cap of $2.19 billion, a PE ratio of 17.86, a P/E/G ratio of 2.48 and a beta of 1.81. HB Fuller has a 12-month low of $23.68 and a 12-month high of $52.40.

HB Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, June 24th. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.13. The business had revenue of $675.00 million during the quarter, compared to the consensus estimate of $664.28 million. HB Fuller had a return on equity of 11.89% and a net margin of 4.43%. The business’s revenue was down 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts forecast that HB Fuller will post 2.35 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of FUL. Norges Bank bought a new position in shares of HB Fuller in the fourth quarter valued at $46,919,000. P2 Capital Partners LLC increased its holdings in shares of HB Fuller by 18.4% in the first quarter. P2 Capital Partners LLC now owns 1,661,031 shares of the specialty chemicals company’s stock valued at $46,393,000 after buying an additional 257,699 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of HB Fuller by 28.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 917,509 shares of the specialty chemicals company’s stock valued at $47,316,000 after buying an additional 203,776 shares in the last quarter. Morgan Stanley increased its holdings in shares of HB Fuller by 41.1% in the first quarter. Morgan Stanley now owns 548,168 shares of the specialty chemicals company’s stock valued at $15,310,000 after buying an additional 159,540 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of HB Fuller by 10.2% in the fourth quarter. Macquarie Group Ltd. now owns 1,586,042 shares of the specialty chemicals company’s stock valued at $81,792,000 after buying an additional 147,000 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Analyst Recommendations for HB Fuller (NYSE:FUL)

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