Citigroup Initiates Coverage of H.B. Fuller (FUL) with Neutral Recommendation

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2023-09-11 12:37:09  • 5 mins

Fintel reports that on September 11, 2023, Citigroup initiated coverage of H.B. Fuller (NYSE:FUL) with a Neutral recommendation.

Analyst Price Forecast Suggests 28.94% Upside

As of August 31, 2023, the average one-year price target for H.B. Fuller is 89.25. The forecasts range from a low of 78.78 to a high of $112.35. The average price target represents an increase of 28.94% from its latest reported closing price of 69.22.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for H.B. Fuller is 3,982MM, an increase of 10.40%. The projected annual non-GAAP EPS is 4.68.

H.B. Fuller Declares $0.20 Dividend

On July 6, 2023 the company declared a regular quarterly dividend of $0.20 per share ($0.82 annualized). Shareholders of record as of July 20, 2023 received the payment on August 3, 2023. Previously, the company paid $0.20 per share.

At the current share price of $69.22 / share, the stock's dividend yield is 1.18%.

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For the quarter ended August 2023, H. B. Fuller (FUL) reported revenue of $900.63 million, down 4.3% over the same period last year. EPS came in at $1.06,...
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