HB Fuller (NYSE:FUL) PT Raised to $45.00 at Deutsche Bank

HB Fuller (NYSE:FUL) had its price objective hoisted by Deutsche Bank from $31.00 to $45.00 in a research note released on Friday, The Fly reports. Deutsche Bank currently has a hold rating on the specialty chemicals company’s stock.

Several other brokerages also recently commented on FUL. TheStreet downgraded shares of HB Fuller from a b- rating to a c+ rating in a report on Thursday, March 5th. ValuEngine upgraded shares of HB Fuller from a sell rating to a hold rating in a report on Friday, May 1st. Zacks Investment Research downgraded shares of HB Fuller from a hold rating to a sell rating in a report on Wednesday, June 24th. Citigroup dropped their target price on shares of HB Fuller from $50.00 to $30.00 and set a neutral rating on the stock in a report on Friday, March 27th. Finally, Robert W. Baird dropped their target price on shares of HB Fuller from $50.00 to $35.00 and set a neutral rating on the stock in a report on Friday, March 27th. One investment 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’s stock. The stock has an average rating of Hold and a consensus target price of $48.43.

HB Fuller stock opened at $42.50 on Friday. The company has a market capitalization of $2.19 billion, a P/E ratio of 17.86, a P/E/G ratio of 2.48 and a beta of 1.81. The firm’s fifty day simple moving average is $39.01 and its 200-day simple moving average is $40.61. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 1.56. HB Fuller has a 1-year low of $23.68 and a 1-year high of $52.40.

HB Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, June 24th. The specialty chemicals company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The business had revenue of $675.00 million for the quarter, compared to the consensus estimate of $664.28 million. HB Fuller had a net margin of 4.43% and a return on equity of 11.89%. HB Fuller’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. On average, equities research analysts predict that HB Fuller will post 2.35 earnings per share for the current year.

Several large investors have recently bought and sold shares of FUL. Norges Bank bought a new position in shares of HB Fuller during the 4th quarter worth about $46,919,000. P2 Capital Partners LLC increased its holdings in shares of HB Fuller by 18.4% during the 1st quarter. P2 Capital Partners LLC now owns 1,661,031 shares of the specialty chemicals company’s stock worth $46,393,000 after purchasing an additional 257,699 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of HB Fuller by 28.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 917,509 shares of the specialty chemicals company’s stock valued at $47,316,000 after acquiring an additional 203,776 shares in the last quarter. Morgan Stanley boosted its position in shares of HB Fuller by 41.1% during the 1st quarter. Morgan Stanley now owns 548,168 shares of the specialty chemicals company’s stock valued at $15,310,000 after acquiring an additional 159,540 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of HB Fuller by 10.2% during the 4th quarter. Macquarie Group Ltd. now owns 1,586,042 shares of the specialty chemicals company’s stock valued at $81,792,000 after acquiring an additional 147,000 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

About HB Fuller

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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