H.B. Fuller (NYSE:FUL) Given New $68.00 Price Target at Citigroup

H.B. Fuller (NYSE:FUL) had its target price lowered by analysts at Citigroup from $78.00 to $68.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s target price suggests a potential upside of 8.99% from the stock’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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, H.B. Fuller presently has a consensus rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Stock Performance

NYSE FUL opened at $62.39 on Friday. The firm’s 50 day simple moving average is $73.57 and its 200 day simple moving average is $77.91. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 1.24 and a beta of 1.41. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 1 year low of $61.71 and a 1 year high of $87.67.

Institutional Trading of H.B. Fuller

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC boosted its stake in shares of H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after purchasing an additional 324,056 shares in the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 18,734 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in 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 buying an additional 5,356 shares during the period. Marshall Wace LLP increased its position in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after acquiring an additional 26,239 shares during the period. Finally, S&CO Inc. increased its position in H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares during the period. Institutional investors own 95.93% of the company’s stock.

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. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.