U.S. Silica Holdings PT Set at $36.00 by Morgan Stanley (SLCA)
Stock analysts at Morgan Stanley set a $36.00 price objective on shares of U.S. Silica Holdings (NASDAQ:SLCA) stock in a report issued on Thursday, StockRatingsNetwork.com reports. Morgan Stanley’s price target indicates a potential upside of 37.30% from the company’s current price.
SLCA has been the subject of a number of other recent research reports. Analysts at Sidoti initiated coverage on shares of U.S. Silica Holdings (NASDAQ:SLCA) in a research note to investors on Thursday, September 26th. They set a “buy” rating on the stock. Analysts at Howard Weil upgraded shares of U.S. Silica Holdings (NASDAQ:SLCA) from a “sector outperform” rating to a “focus stock” rating in a research note to investors on Wednesday, August 28th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. U.S. Silica Holdings currently has a consensus rating of “Buy” and a consensus target price of $28.20.
Shares of U.S. Silica Holdings (NASDAQ:SLCA) opened at 26.22 on Thursday. U.S. Silica Holdings has a 52 week low of $12.37 and a 52 week high of $28.50. The stock’s 50-day moving average is $24.10 and its 200-day moving average is $22.49. The company has a market cap of $1.394 billion and a P/E ratio of 17.84.
U.S. Silica Holdings (NASDAQ:SLCA) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.02. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $133.94 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Analysts expect that U.S. Silica Holdings will post $1.61 EPS for the current fiscal year.
US Silica Holdings, Inc is a silica sand supplier company. The Company is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay.
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