Citigroup Initiates Coverage on HB Fuller Co to Buy

Citigroup Initiates Coverage on HB Fuller Co(NYSE:FUL). The shares have been rated Buy. The rating by Citigroup was issued on Sep 30, 2016.

In a different note, Citigroup said it Initiates Coverage on HB Fuller Co, according to a research note issued on Sep 29, 2016. The shares have been rated ‘Buy’ by the firm. On Sep 26, 2016, Seaport Global said it Upgrades its rating on HB Fuller Co. The shares have been rated ‘Buy’ by the firm. On Sep 23, 2016, Deutsche Bank said it Maintains its rating on HB Fuller Co. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Hold’ by the firm.

HB Fuller Co (FUL) shares turned negative on Tuesdays trading session with the shares closing down -0.58 points or -1.26% at a volume of 1,65,862. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.5. The peak price level was also seen at $46.5 while the days lowest was $45.52. Finally the shares closed at $45.55. The 52-week high of the shares is $48.83 while the 52-week low is $32.49. According to the latest information available, the market cap of the company is $2,293 M.

HB Fuller Co(FUL) last announced its earnings results on Sep 21, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $512.86M. Analysts had an estimated revenue of $534.70M. Earnings per share were $0.64. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Sep 28, 2016, James R Giertz (Executive VP of Strategy) sold 25,000 shares at $45.79 per share price.Also, 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.

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