JPMorgan Chase & Co. Issues Pessimistic Forecast for H.B. Fuller (NYSE:FUL) Stock Price

H.B. Fuller (NYSE:FUL) had its target price reduced by analysts at JPMorgan Chase & Co. from $60.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 13.20% from the company’s current price.

Several other research firms have also recently issued reports on FUL. Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Seaport Res Ptn lowered H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Citigroup reduced their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, H.B. Fuller has a consensus rating of “Hold” and an average price target of $70.00.

H.B. Fuller Trading Up 6.1 %

FUL opened at $57.61 on Friday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. The company’s 50 day simple moving average is $58.46 and its two-hundred day simple moving average is $68.92. H.B. Fuller has a 1-year low of $52.59 and a 1-year high of $87.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, March 26th. The specialty chemicals company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $788.66 million for the quarter, compared to the consensus estimate of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. Analysts expect that H.B. Fuller will post 4.07 EPS for the current fiscal year.

Hedge Funds Weigh In On H.B. Fuller

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in H.B. Fuller by 128.8% during the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock worth $61,000 after purchasing an additional 506 shares during the period. Sterling Capital Management LLC increased its stake in H.B. Fuller by 731.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock worth $85,000 after buying an additional 1,104 shares during the period. Quantbot Technologies LP acquired a new stake in H.B. Fuller during the 4th quarter worth approximately $266,000. New Age Alpha Advisors LLC purchased a new position in H.B. Fuller in the 4th quarter valued at approximately $465,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of H.B. Fuller in the fourth quarter worth $783,000. Institutional investors and hedge funds 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.