Credit Suisse Group AG Reaffirms “Hold” Rating for FMSA Holdings Inc. (FMSA)
FMSA Holdings Inc. (NYSE:FMSA)‘s stock had its “hold” rating restated by research analysts at Credit Suisse Group AG in a report released on Tuesday. They currently have a $7.00 price target on the stock. Credit Suisse Group AG’s price objective would indicate a potential downside of 7.41% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Citigroup Inc. started coverage on FMSA Holdings in a research report on Thursday, July 7th. They issued a “buy” rating and a $10.00 target price on the stock. Zacks Investment Research upgraded FMSA Holdings from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research report on Tuesday, July 19th. Simmons raised FMSA Holdings to a “buy” rating and set a $8.00 price target for the company in a report on Thursday, July 21st. Barclays PLC started coverage on FMSA Holdings in a report on Wednesday, August 10th. They issued an “equal weight” rating and a $9.00 price target for the company. Finally, Jefferies Group reissued a “hold” rating and issued a $8.00 price target (up from $4.00) on shares of FMSA Holdings in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.01.
Shares of FMSA Holdings (NYSE:FMSA) traded down 2.38% during midday trading on Tuesday, reaching $7.38. 1,354,073 shares of the company’s stock were exchanged. FMSA Holdings has a one year low of $1.00 and a one year high of $8.83. The company’s 50-day moving average is $7.52 and its 200-day moving average is $5.60. The stock’s market cap is $1.41 billion.
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FMSA Holdings (NYSE:FMSA) last issued its earnings results on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.41. The firm earned $114.20 million during the quarter, compared to analysts’ expectations of $129.35 million. FMSA Holdings had a negative net margin of 41.85% and a positive return on equity of 36.13%. FMSA Holdings’s quarterly revenue was down 48.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. Equities analysts expect that FMSA Holdings will post ($0.43) earnings per share for the current fiscal year.
In other news, Director Charles D. Fowler acquired 1,666,666 shares of FMSA Holdings stock in a transaction that occurred on Tuesday, July 26th. The stock was purchased at an average cost of $5.95 per share, with a total value of $9,916,662.70. Following the purchase, the director now owns 1,705,132 shares in the company, valued at $10,145,535.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock valued at $1,065,000 after buying an additional 2,546 shares during the last quarter. State Street Corp boosted its stake in shares of FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock valued at $2,194,000 after buying an additional 11,165 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock valued at $912,000 after buying an additional 17,232 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock valued at $1,046,000 after buying an additional 28,917 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of FMSA Holdings during the second quarter valued at about $434,000. Institutional investors own 56.31% of the company’s stock.
FMSA Holdings Company Profile
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.
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