HB Fuller Co (FUL) is Upgraded by Seaport Global Securities to Buy, Raises Price Target to $ 51

HB Fuller Co (FUL) was Upgraded by Seaport Global Securities to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 51 from a previous price target of $50 . Earlier the firm had a rating of “Accumulate ” on the company shares. Seaport Global Securities advised their investors in a research report released on Sep 26, 2016.

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 closed down -3.89 points or -8.09% at $44.18 with 13,12,529 shares getting traded on Thursday. Post opening the session at $46.4, the shares hit an intraday low of $44.06 and an intraday high of $46.68 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 4, 2016, Timothy J Keenan (VP, Gen. Counsel & Corp. Sec.) sold 8,037 shares at $46.03 per share price. According to the SEC, on Jul 29, 2016, James Owens (President and CEO) sold 55,048 shares at $46.41 per share price. On Apr 18, 2016, Robert J Martsching (VP, Corporate Controller) sold 4,211 shares at $44.62 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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