Brokerages Set HB Fuller Co (FUL) Target Price at $60.40

Shares of HB Fuller Co (NYSE:FUL) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $60.40.

FUL has been the subject of several research analyst reports. Seaport Global Securities raised shares of HB Fuller from a “neutral” rating to a “buy” rating and increased their price objective for the company from $63.00 to $66.00 in a research report on Thursday, January 25th. Deutsche Bank raised shares of HB Fuller from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $62.00 in a research report on Thursday, January 25th. Longbow Research raised shares of HB Fuller from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, February 6th. Zacks Investment Research raised shares of HB Fuller from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, January 30th. Finally, TheStreet lowered shares of HB Fuller from a “b” rating to a “c+” rating in a research report on Monday, February 26th.

Large investors have recently modified their holdings of the stock. Koch Industries Inc. acquired a new position in HB Fuller in the 4th quarter worth approximately $205,000. Russell Investments Group Ltd. increased its holdings in HB Fuller by 97.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 16,446 shares of the specialty chemicals company’s stock worth $955,000 after buying an additional 8,116 shares during the period. Penn Capital Management Co. Inc. increased its holdings in HB Fuller by 302.8% in the 4th quarter. Penn Capital Management Co. Inc. now owns 66,731 shares of the specialty chemicals company’s stock worth $3,713,000 after buying an additional 50,166 shares during the period. Rhumbline Advisers increased its holdings in HB Fuller by 17.9% in the 4th quarter. Rhumbline Advisers now owns 134,817 shares of the specialty chemicals company’s stock worth $7,263,000 after buying an additional 20,479 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in HB Fuller in the 3rd quarter worth approximately $712,000. Institutional investors own 93.78% of the company’s stock.



Shares of HB Fuller stock traded up $0.11 during midday trading on Friday, hitting $49.71. The company had a trading volume of 129,638 shares, compared to its average volume of 493,053. The firm has a market capitalization of $2,484.94, a P/E ratio of 19.84, a PEG ratio of 0.99 and a beta of 1.55. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 2.08. HB Fuller has a 12-month low of $46.62 and a 12-month high of $58.74.

HB Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, March 28th. The specialty chemicals company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $713.08 million during the quarter, compared to analyst estimates of $663.98 million. HB Fuller had a net margin of 3.62% and a return on equity of 11.69%. research analysts anticipate that HB Fuller will post 3.22 earnings per share for the current fiscal year.

WARNING: “Brokerages Set HB Fuller Co (FUL) Target Price at $60.40” was first reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://dakotafinancialnews.com/2018/04/13/brokerages-set-hb-fuller-co-ful-target-price-at-60-40.html.

HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

Analyst Recommendations for HB Fuller (NYSE:FUL)

Receive News & Ratings for HB Fuller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HB Fuller and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply