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

H.B. Fuller (NYSE:FUL - Get Free Report) had its target price dropped by research analysts at Citigroup from $78.00 to $68.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the specialty chemicals company's stock. Citigroup's target price would indicate a potential upside of 8.30% from the stock's previous close.

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

H.B. Fuller Price Performance

Shares of NYSE:FUL traded up $0.40 during trading on Friday, reaching $62.79. 460,090 shares of the company traded hands, compared to its average volume of 631,795. The firm has a market capitalization of $3.43 billion, a PE ratio of 19.38, a PEG ratio of 1.24 and a beta of 1.41. H.B. Fuller has a 52 week low of $61.71 and a 52 week high of $87.67. 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 company's 50 day moving average is $73.33 and its two-hundred day moving average is $77.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC lifted its stake 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 valued at $57,952,000 after acquiring an additional 324,056 shares during the last quarter. Marshall Wace LLP increased its holdings in 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 purchasing an additional 26,239 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $99,939,000 after purchasing an additional 18,734 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of H.B. Fuller by 8.1% during 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 purchasing an additional 5,356 shares in the last quarter. Finally, S&CO Inc. grew its holdings in shares of 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 worth $21,209,000 after purchasing an additional 920 shares during the last quarter. 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.