HB Fuller (NYSE:FUL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, March 20th.
According to Zacks, “H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. H.B. Fuller adhesives products used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automotives, solar energy systems and electronics. H.B. Fuller also provides customers with technical support and unique solutions designed to address their specific needs. H.B. Fuller has established a variety of product offerings for residential construction markets, such as tile-setting adhesives, grout, sealants and related products. “
A number of other analysts have also recently weighed in on the company. Deutsche Bank upgraded HB Fuller from a “hold” rating to a “buy” rating and upped their price target for the company from $60.00 to $62.00 in a research report on Thursday, January 25th. JPMorgan Chase upgraded HB Fuller from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. TheStreet cut HB Fuller from a “b” rating to a “c+” rating in a research report on Monday, February 26th. Seaport Global Securities upgraded HB Fuller from a “neutral” rating to a “buy” rating and upped their price target for the company from $63.00 to $66.00 in a research report on Thursday, January 25th. Finally, Longbow Research upgraded HB Fuller from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $60.50.
Shares of FUL traded up $0.42 on Tuesday, reaching $49.60. 496,513 shares of the stock traded hands, compared to its average volume of 498,474. The stock has a market cap of $2,489.99, a PE ratio of 20.79, a P/E/G ratio of 0.99 and a beta of 1.55. The company has a current ratio of 2.14, a quick ratio of 1.35 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 released its quarterly earnings data on Wednesday, March 28th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $713.08 million for the quarter, compared to analysts’ expectations of $663.98 million. HB Fuller had a return on equity of 11.69% and a net margin of 3.62%. equities analysts forecast that HB Fuller will post 3.22 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Zions Bancorporation bought a new stake in shares of HB Fuller during the third quarter worth $156,000. Reynders McVeigh Capital Management LLC bought a new stake in shares of HB Fuller during the third quarter worth $203,000. Koch Industries Inc. bought a new stake in shares of HB Fuller during the fourth quarter worth $205,000. Capital Fund Management S.A. bought a new stake in shares of HB Fuller during the fourth quarter worth $242,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of HB Fuller during the fourth quarter worth $243,000. Institutional investors own 93.78% of the company’s stock.
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About HB Fuller
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.
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