H.B. Fuller (NYSE:FUL) Price Target Lowered to $68.00 at Citigroup

H.B. Fuller (NYSE:FUL) had its price objective lowered by research analysts at Citigroup from $78.00 to $68.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s price objective would suggest a potential upside of 8.99% from the company’s previous close.

Separately, StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Trading Down 7.5 %

NYSE FUL opened at $62.39 on Friday. H.B. Fuller has a one year low of $61.71 and a one year high of $87.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16. The firm has a market cap of $3.41 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.24 and a beta of 1.41. The stock’s 50-day moving average is $73.57 and its 200-day moving average is $77.91.

Hedge Funds Weigh In On H.B. Fuller

A number of large investors have recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC grew its position in shares of H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of H.B. Fuller by 9.9% in the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 shares during the period. S&CO Inc. grew its position in H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after buying an additional 920 shares in the last quarter. Geode Capital Management LLC increased its stake in H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after acquiring an additional 18,734 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after acquiring an additional 324,056 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.