Citigroup Lowers H.B. Fuller (NYSE:FUL) Price Target to $68.00

H.B. Fuller (NYSE:FUL) had its price objective decreased by Citigroup from $78.00 to $68.00 in a report published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the specialty chemicals company’s stock.

Separately, StockNews.com cut H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, H.B. Fuller has an average rating of “Hold” and an average target price of $90.25.

H.B. Fuller Trading Up 0.6 %

Shares of H.B. Fuller stock opened at $62.79 on Friday. The business has a fifty day simple moving average of $73.33 and a two-hundred day simple moving average of $77.78. H.B. Fuller has a 1 year low of $61.71 and a 1 year high of $87.67. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.24 and a beta of 1.41. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. S&CO Inc. increased its position in shares of H.B. Fuller by 0.3% in the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after purchasing an additional 920 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in H.B. Fuller by 8.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after buying an additional 5,356 shares in the last quarter. Geode Capital Management LLC boosted its stake in H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after buying an additional 18,734 shares in the last quarter. Marshall Wace LLP boosted its stake in H.B. Fuller by 9.9% in the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in H.B. Fuller by 79.8% in 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 buying an additional 324,056 shares in the last quarter. 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.