H.B. Fuller (NYSE:FUL) Price Target & New Coverage by Robert W. Baird

Robert W. Baird shared with investors and clients in a research note that it has started coverage on H.B. Fuller (NYSE:FUL) stock, with Neutral rating and a $60.0 target price.

The initiation is well-received by stock speculators, as NYSE:FUL is now trading 0.02% higher at $55.35 as of 10:09 PM New York time. H.B. Fuller’s stock is 0% in the past 200 days. It has underperformed the S&P500, which has surged 6.00% in the same time period.

Out of 3 brokers covering H.B. Fuller, 3 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $50 and the lowest is $47 according to Thomson/First Call. The 12-month mean target is $49, which means downside potential of 11.47% over the current price.

Institutional Ownership

Nuance Investments Llc had the largest stake with ownership of 609,015 shares as of q2 2015 for 2.78% of the US long equity exposure. Daruma Capital Management Llc is another very bullish investment manager who is having 976,358 shares of H.B. Fuller or 2.77% of their US long equity exposure. Also, New Amsterdam Partners Llc Ny have 2.27% of their US long equity exposure invested in the company for 212,295 shares. The Minnesota-based fund Mairs & Power Inc revealed it had acquired a stake worth about 2.17% of the investment manager’s stock portfolio in H.B. Fuller. The Utah-based fund Ronna Sue Cohen is also positive about the stock, possessing 3.54 million shares or 2.12% of their US long equity exposure.

H.B. Fuller (NYSE:FUL) Profile

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives.

H.B. Fuller (NYSE:FUL) traded up 0.02% on 15 September, hitting $55.35. A total of shares of the company’s stock traded hands. This is down from average of 383,886 shares. H.B. Fuller has a 52 week low of $41.52 and a 52 week high of $55.7. The company has a market cap of $2.80B and a P/E ratio of 25.32.

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The post Robert W. Baird Intiated Coverage on H.B. Fuller (NYSE:FUL) Stock With Neutral Outlook, $60.0 PT appeared first on Octafinance.