U.S. Silica Holdings PT Raised to $65.00 (SLCA)
Equities research analysts at Cowen and Company lifted their target price on shares of U.S. Silica Holdings (NASDAQ:SLCA) to $65.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective would indicate a potential upside of 24.50% from the company’s current price.
U.S. Silica Holdings (NASDAQ:SLCA) traded up 2.51% on Monday, hitting $53.52. 420,352 shares of the company’s stock traded hands. U.S. Silica Holdings has a 1-year low of $19.26 and a 1-year high of $54.99. The stock has a 50-day moving average of $49.84 and a 200-day moving average of $38.25. The company has a market cap of $2.877 billion and a P/E ratio of 36.51.
U.S. Silica Holdings (NASDAQ:SLCA) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $180.10 million for the quarter, compared to the consensus estimate of $157.81 million. During the same quarter last year, the company posted $0.35 earnings per share. U.S. Silica Holdings’s revenue was up 47.3% compared to the same quarter last year. Analysts expect that U.S. Silica Holdings will post $1.96 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Howard Weil raised their price target on shares of U.S. Silica Holdings from $42.00 to $50.00 in a research note on Thursday, May 1st. They now have a “sector outperform” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. They now have a $54.00 price target on the stock, up previously from $33.00. Finally, analysts at RBC Capital raised their price target on shares of U.S. Silica Holdings from $43.00 to $51.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.83.
US Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products.
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