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

H.B. Fuller (NYSE:FUL) had its target price decreased by research analysts at Citigroup from $78.00 to $68.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s price target would indicate a potential upside of 8.30% from the stock’s previous close.

Separately, StockNews.com downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $90.25.

H.B. Fuller Price Performance

FUL opened at $62.79 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $73.33 and a 200 day moving average of $77.79. H.B. Fuller has a 52-week low of $61.71 and a 52-week high of $87.67. The stock has a market cap of $3.43 billion, a P/E ratio of 19.38, a PEG ratio of 1.24 and a beta of 1.41.

Hedge Funds Weigh In On H.B. Fuller

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC raised its holdings in shares of 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 acquiring an additional 5,356 shares in the last quarter. S&CO Inc. increased its holdings in shares of 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. Marshall Wace LLP raised its position in shares of 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 worth $22,319,000 after acquiring an additional 26,239 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after acquiring an additional 324,056 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 18,734 shares during 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.