Deutsche Bank Maintains HB Fuller Co to Hold with Price Target $47.00

Brokerage firm Deutsche Bank Maintains its rating on HB Fuller Co(NYSE:FUL). In a research note issued to the investors, the brokerage major Lowers the price-target to $47.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Sep 23, 2016.

In a different note, On Sep 26, 2016, Seaport Global said it Upgrades its rating on HB Fuller Co. The shares have been rated ‘Buy’ by the firm.

HB Fuller Co (FUL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.97% or 0.44 points. Due to strong positive momentum, the stock ended at $45.8, which is also near the day’s high of $45.955. The stock began the session at $45.24 and the volume stood at 3,67,482 shares. The 52-week high of the shares is $48.83 and the 52 week low is $32.49. The company has a current market capitalization of $2,306 M and it has 5,03,42,974 shares in outstanding.

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 Aug 4, 2016, Timothy J Keenan (VP, Gen. Counsel & Corp. Sec.) sold 8,037 shares at $46.03 per share price.Also, 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.

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