Citigroup Issues Pessimistic Forecast for H. B. Fuller (NYSE:FUL) Stock Price

H. B. Fuller (NYSE:FUL) had its price target lowered by analysts at Citigroup from $76.00 to $67.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target points to a potential upside of 35.59% from the stock’s previous close.

A number of other analysts have also recently weighed in on FUL. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. UBS Group set a $66.00 price objective on H. B. Fuller in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.50.

H. B. Fuller Price Performance

Shares of FUL stock traded down $2.64 on Thursday, hitting $49.41. 158,730 shares of the company’s stock were exchanged, compared to its average volume of 477,407. The company has a 50 day moving average of $62.48 and a 200 day moving average of $60.42. The stock has a market cap of $2.69 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. H. B. Fuller has a 12 month low of $47.56 and a 12 month high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. The firm had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts predict that H. B. Fuller will post 4.07 EPS for the current year.

Hedge Funds Weigh In On H. B. Fuller

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of H. B. Fuller in the 1st quarter valued at $101,000. Geode Capital Management LLC increased its position in H. B. Fuller by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after buying an additional 5,323 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in H. B. Fuller by 3.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,590 shares of the specialty chemicals company’s stock valued at $757,000 after buying an additional 452 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in H. B. Fuller by 6.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,914 shares of the specialty chemicals company’s stock worth $837,000 after buying an additional 830 shares during the period. Finally, Creative Planning boosted its holdings in H. B. Fuller by 47.8% in the second quarter. Creative Planning now owns 32,137 shares of the specialty chemicals company’s stock worth $1,933,000 after acquiring an additional 10,399 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

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.