H.B. Fuller (NYSE:FUL – Free Report) had its price target lowered by JPMorgan Chase & Co. from $66.00 to $60.00 in a research report issued to clients and investors on Friday, The Fly reports. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 13.36% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their price target on shares of H.B. Fuller from $106.00 to $107.00 in a research report on Friday. StockNews.com started coverage on shares of H.B. Fuller in a research report on Thursday, May 18th. They set a “hold” rating for the company.
H.B. Fuller Price Performance
Shares of NYSE:FUL opened at $69.25 on Friday. The company’s fifty day moving average price is $65.36 and its 200-day moving average price is $68.48. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 24.47 and a beta of 1.53. H.B. Fuller has a one year low of $57.36 and a one year high of $81.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.08 and a quick ratio of 1.27.
H.B. Fuller (NYSE:FUL – Free Report) last released its earnings results on Thursday, June 29th. The specialty chemicals company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.11). H.B. Fuller had a net margin of 4.36% and a return on equity of 12.36%. The business had revenue of $898.24 million for the quarter, compared to the consensus estimate of $969.60 million. During the same period in the prior year, the business posted $1.11 EPS. H.B. Fuller’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities research analysts anticipate that H.B. Fuller will post 4.19 earnings per share for the current fiscal year.
Institutional Investors Weigh In On H.B. Fuller
Several institutional investors and hedge funds have recently modified their holdings of FUL. Eagle Bay Advisors LLC purchased a new position in H.B. Fuller during the 2nd quarter valued at about $33,000. Counterpoint Mutual Funds LLC purchased a new position in H.B. Fuller during the 1st quarter valued at about $87,000. Security National Bank of SO Dak bought a new stake in H.B. Fuller during the 4th quarter valued at about $208,000. Wesbanco Bank Inc. bought a new stake in H.B. Fuller during the 4th quarter valued at about $365,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in H.B. Fuller during the 4th quarter valued at about $418,000. 93.54% of the stock is owned by hedge funds and other institutional investors.
About H.B. Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.
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