JPMorgan Chase & Co. Has Lowered Expectations for H.B. Fuller (NYSE:FUL) Stock Price

H.B. Fuller (NYSE:FUL) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $70.00 to $60.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 3.44% from the stock’s current price.

Several other equities research analysts also recently weighed in on FUL. Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup reduced their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.20.

H.B. Fuller Trading Down 0.1 %

H.B. Fuller stock opened at $62.14 on Friday. H.B. Fuller has a 12 month low of $60.96 and a 12 month high of $87.67. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The business’s fifty day simple moving average is $70.82 and its two-hundred day simple moving average is $76.79. 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 (NYSE:FUL) last announced its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The firm had revenue of $923.00 million during the quarter, compared to the consensus estimate of $916.84 million. H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 EPS. As a group, equities analysts predict that H.B. Fuller will post 3.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H.B. Fuller

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUL. Wesbanco Bank Inc. lifted its holdings in shares of H.B. Fuller by 41.2% during the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 4,000 shares during the period. S&CO Inc. increased its position in H.B. Fuller by 0.3% during the third 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 last quarter. Marshall Wace LLP lifted its holdings 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 acquiring an additional 26,239 shares during the period. Lord Abbett & CO. LLC lifted its holdings 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 acquiring an additional 324,056 shares during the period. Finally, Geode Capital Management LLC boosted its position 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 worth $99,939,000 after purchasing an additional 18,734 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H.B. Fuller Company Profile

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.