Brokerages Set HB Fuller Co (NYSE:FUL) PT at $55.60

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Shares of HB Fuller Co (NYSE:FUL) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $55.60.

A number of equities analysts recently weighed in on FUL shares. Zacks Investment Research cut shares of HB Fuller from a “hold” rating to a “sell” rating in a research report on Tuesday, June 25th. JPMorgan Chase & Co. lowered their price objective on shares of HB Fuller from $51.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. TheStreet cut shares of HB Fuller from a “b-” rating to a “c+” rating in a research report on Tuesday, June 4th. Finally, ValuEngine cut shares of HB Fuller from a “hold” rating to a “sell” rating in a research report on Monday, May 20th.

Shares of NYSE:FUL traded up $0.34 during mid-day trading on Tuesday, reaching $47.17. 182,680 shares of the company were exchanged, compared to its average volume of 324,882. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.36 and a current ratio of 2.14. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. The company has a 50-day moving average price of $43.59. HB Fuller has a 1 year low of $39.22 and a 1 year high of $59.58.

HB Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, June 26th. The specialty chemicals company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). The company had revenue of $759.60 million for the quarter, compared to analysts’ expectations of $779.07 million. HB Fuller had a return on equity of 13.38% and a net margin of 4.31%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. On average, research analysts predict that HB Fuller will post 3.16 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in HB Fuller by 0.7% during the 1st quarter. BlackRock Inc. now owns 7,550,870 shares of the specialty chemicals company’s stock worth $367,274,000 after buying an additional 53,729 shares in the last quarter. Mairs & Power INC lifted its holdings in HB Fuller by 4.7% during the 4th quarter. Mairs & Power INC now owns 2,649,377 shares of the specialty chemicals company’s stock worth $113,049,000 after buying an additional 117,958 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in HB Fuller by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,119,631 shares of the specialty chemicals company’s stock worth $90,446,000 after buying an additional 47,000 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in HB Fuller by 2.0% during the 4th quarter. Macquarie Group Ltd. now owns 1,706,353 shares of the specialty chemicals company’s stock worth $72,810,000 after buying an additional 34,100 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in HB Fuller by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 532,754 shares of the specialty chemicals company’s stock worth $22,732,000 after buying an additional 48,148 shares in the last quarter. Institutional investors own 98.92% 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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Analyst Recommendations for HB Fuller (NYSE:FUL)

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