HB Fuller Co (FUL) is Initiated by Citigroup to Buy, Price Target at $53

HB Fuller Co (FUL) was Initiated by Citigroup to “Buy” and the brokerage firm has set the Price Target at $53. Citigroup advised their investors in a research report released on Sep 29, 2016.

Many Wall Street Analysts have commented on HB Fuller Co. Company shares were Upgraded by Seaport Global Securities on Sep 26, 2016 to ” Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $50 .

On the company’s financial health, HB Fuller Co reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 22, 2016. Analyst had a consensus of $0.68. The company had revenue of $532.50 million for the quarter, compared to analysts expectations of $538.48 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

HB Fuller Co opened for trading at $45.24 and hit $45.955 on the upside on Tuesday, eventually ending the session at $45.8, with a gain of 0.97% or 0.44 points. The heightened volatility saw the trading volume jump to 3,67,482 shares. Company has a market cap of $2,306 M.

In a different news, on Sep 28, 2016, James R Giertz (Executive VP of Strategy) sold 25,000 shares at $45.79 per share price. According to the SEC, on Aug 4, 2016, Timothy J Keenan (VP, Gen. Counsel & Corp. Sec.) sold 8,037 shares at $46.03 per share price. On Jul 29, 2016, James Owens (President and CEO) sold 55,048 shares at $46.41 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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