HB Fuller Co (FUL) is Downgraded by Deutsche Bank to Hold, Raises Price Target to $ 47

HB Fuller Co (FUL) was Downgraded by Deutsche Bank to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 47 from a previous price target of $44 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on HB Fuller Co. Company shares were Upgraded by JP Morgan on Mar 28, 2016 to ” Overweight”, Firm has raised the Price Target to $ 46 from a previous price target of $37 .Company shares were Reiterated by Deutsche Bank on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .

On the company’s financial health, HB Fuller Co reported $0.69 EPS for the quarter, based on the information available during the earnings call on Jan 13, 2016. Analyst had a consensus estimate of $0.69. The company had revenue of $548.10 million for the quarter, compared to analysts expectations of $541.90 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

HB Fuller Co opened for trading at $44.53 and hit $45.38 on the upside on Monday, eventually ending the session at $45.35, with a gain of 1.61% or 0.72 points. The heightened volatility saw the trading volume jump to 2,97,710 shares. Company has a market cap of $2,267 M.

In a different news, on Apr 18, 2016, Robert J Martsching (VP, Corporate Controller) sold 4,211 shares at $44.62 per share price. According to the SEC, on Apr 4, 2016, Timothy J Keenan (VP, Gen. Counsel & Corp. Sec.) sold 15,700 shares at $42.58 per share price. On Mar 30, 2016, Traci L Jensen (Senior VP, Americas Adhesives) sold 7,165 shares at $41.68 per share price, according to the Form-4 filing with the securities and exchange commission.

H.B. Fuller Company is formulator manufacturer and marketer of adhesives sealants and other specialty chemical products. The Company’s core product offering is Industrial adhesives which are used in manufacturing common consumer and industrial goods including food and beverage containers disposable diapers windows doors flooring appliances sportswear footwear multi-wall bags water filtration products insulation textiles and electronics. The Company has a range of product offerings for residential construction markets such as tile-setting adhesives grout sealants and related products. The Company operates in four segments: Americas Adhesives EIMEA (Europe India Middle East and Africa) Asia Pacific and Construction Products. It has sales operations in over 40 countries in North America Europe Latin America the Asia Pacific region India the Middle East and Africa.

HB Fuller Co

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