In a report issued on July 8, 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 last Friday at $62.42.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Berry Global Group.
H.B. Fuller Company has an analyst consensus of Hold, with a price target consensus of $68.50, an 8.9% upside from current levels. In a report issued on June 24, Deutsche Bank also reiterated a Buy rating on the stock with a $72.00 price target.
Based on H.B. Fuller Company’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $993 million and net profit of $47.2 million. In comparison, last year the company earned revenue of $828 million and had a net profit of $49.1 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FUL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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