In a report released on January 18, Ghansham Panjabi from Robert W. Baird maintained a Buy rating on H.B. Fuller Company (FUL – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $69.08.
Panjabi covers the Basic Materials sector, focusing on stocks such as AptarGroup, Crown Holdings, and Sealed Air. According to TipRanks, Panjabi has an average return of 8.5% and a 62.82% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for H.B. Fuller Company with a $77.50 average price target.
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FUL market cap is currently $3.83B and has a P/E ratio of 22.02.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FUL in relation to earlier this year. Most recently, in November 2022, Heather Campe, the Sr. VP, International Growth of FUL sold 14,323.00 shares for a total of $1,078,235.44.
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H.B. Fuller Co. engages in the formulation, manufactures, and markets the adhesives, sealants, and other specialty chemical products. It operates through six operating segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Products, Engineering and Royal Adhesives. The Americas Adhesives, EIMEA and Asia Pacific segments include a full range of specialty adhesives such as thermoplastic, thermoset, reactive, and water-based and solvent-based products. The Construction Products segment provides floor preparation, grouts, and mortars for tile setting; as well as sealants and related products for heating, ventilation, and air conditioning and insulation applications. The Engineering Adhesives segment produces and supplies industrial adhesives to the transportation, electronics, medical, clean energy, appliance, and heavy machinery markets. The Royal Adhesives segment involves in producing adhesives, sealants, coatings, polymers, tapes, encapsulants, and additives for use in commercial, industrial, and institutional applications. The company was founded by Harvey Benjamin Fuller in 1887 and is headquartered in St. Paul, MN.
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