JPMorgan Chase & Co. Lowers H.B. Fuller (NYSE:FUL) Price Target to $50.00

H.B. Fuller (NYSE:FUL) had its price objective dropped by analysts at JPMorgan Chase & Co. from $60.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 8.69% from the stock’s current price.

FUL has been the topic of several other reports. Citigroup cut their target price on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Vertical Research downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft decreased their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn lowered H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. 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 company. Based on data from MarketBeat, H.B. Fuller currently has an average rating of “Hold” and an average target price of $70.00.

H.B. Fuller Price Performance

Shares of NYSE FUL opened at $54.76 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $2.97 billion, a PE ratio of 23.70, a P/E/G ratio of 1.13 and a beta of 1.41. The firm has a fifty day simple moving average of $58.31 and a 200 day simple moving average of $68.68. H.B. Fuller has a twelve month low of $52.59 and a twelve month high of $87.67.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in H.B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 506 shares during the period. Sterling Capital Management LLC raised its holdings in shares of H.B. Fuller by 731.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock worth $85,000 after purchasing an additional 1,104 shares during the period. Quantbot Technologies LP bought a new stake in shares of H.B. Fuller in the 4th quarter worth approximately $266,000. New Age Alpha Advisors LLC bought a new position in H.B. Fuller during the fourth quarter valued at $465,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in H.B. Fuller in the fourth quarter worth $783,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

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.