Baird Raises H.B. Fuller PT to $75 from $60, Maintains Outperform Rating

Baird Raises H.B. Fuller PT to $75 from $60, Maintains Outperform Rating

In a recent update, Baird analyst Ghansham Panjabi increased the price target for H.B. Fuller (FUL, Financial) from $60 to $75, maintaining an Outperform rating for the company [1]. This adjustment reflects Baird's belief in H.B. Fuller's investment strategy, which they see as progressing favorably. Baird highlights that the shares of H.B. Fuller appear undervalued, reaffirming its position as a preferred choice within their portfolio.

Wall Street analysts forecast an average target price of $65.75 for H.B. Fuller Co (FUL, Financial) over the next year, with a high estimate of $72.00 and a low estimate of $60.00. The consensus recommendation from brokerage firms is a "Hold" status, indicating moderate interest in the stock [1].

Based on GuruFocus estimates, the estimated GF Value for H.B. Fuller Co (FUL, Financial) in one year is $69.45, suggesting an upside of 12.03% from the current price of $61.99 [1].

H.B. Fuller Co reported mixed financial results in its latest earnings. Revenue declined by 2.1% year-on-year, with organic revenue up by 0.4%. However, EBITDA increased by 5% to $166 million, and the EBITDA margin expanded by 130 basis points to 18.4% [1]. The Engineering Adhesives segment saw a significant 24% increase in EBITDA and a 310 basis point rise in EBITDA margin, driven by favorable pricing and cost savings [1].

The company anticipates a challenging operating environment with constrained demand and unpredictable currency movements [1]. Despite these challenges, H.B. Fuller Co raised its full-year outlook, reflecting strong execution and performance better than underlying markets.

References:
[1] https://www.gurufocus.com/news/2949996/hb-fuller-ful-price-target-raised-by-baird-analyst-ful-stock-news