FMSA Holdings Inc. (FMSA) Rating Reiterated by Credit Suisse Group AG
FMSA Holdings Inc. (NYSE:FMSA)‘s stock had its “hold” rating reissued by Credit Suisse Group AG in a research note issued on Tuesday. They currently have a $7.00 price target on the stock. Credit Suisse Group AG’s price objective points to a potential downside of 7.41% from the company’s previous close.
Other analysts also recently issued research reports about the company. Citigroup Inc. initiated coverage on FMSA Holdings in a research report on Thursday, July 7th. They issued a “buy” rating and a $10.00 target price for the company. Zacks Investment Research upgraded FMSA Holdings from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research report on Tuesday, July 19th. Simmons upgraded FMSA Holdings to a “buy” rating and set a $8.00 price objective for the company in a research report on Thursday, July 21st. Barclays PLC began coverage on FMSA Holdings in a research report on Wednesday, August 10th. They issued an “equal weight” rating and a $9.00 price objective for the company. Finally, Jefferies Group reiterated a “hold” rating and issued a $8.00 price objective (up previously from $4.00) on shares of FMSA Holdings in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. FMSA Holdings currently has a consensus rating of “Buy” and an average price target of $7.01.
FMSA Holdings (NYSE:FMSA) traded down 2.38% during mid-day trading on Tuesday, reaching $7.38. 1,354,073 shares of the company traded hands. The company’s 50-day moving average is $7.52 and its 200-day moving average is $5.60. FMSA Holdings has a 12-month low of $1.00 and a 12-month high of $8.83. The stock’s market capitalization is $1.41 billion.
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FMSA Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 4th. The company reported ($0.54) earnings per share 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 the consensus estimate of $129.35 million. FMSA Holdings had a positive return on equity of 36.13% and a negative net margin of 41.85%. The business’s quarterly revenue was down 48.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. Equities analysts predict that FMSA Holdings will post ($0.43) earnings per share for the current fiscal year.
In other news, Director Charles D. Fowler purchased 1,666,666 shares of FMSA Holdings stock in a transaction that occurred on Tuesday, July 26th. The shares were bought at an average cost of $5.95 per share, with a total value of $9,916,662.70. Following the completion of the purchase, the director now directly owns 1,705,132 shares in the company, valued at $10,145,535.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.20% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in FMSA Holdings by 2.8% in the fourth quarter. Creative Planning now owns 265,277 shares of the company’s stock worth $623,000 after buying an additional 7,263 shares in the last quarter. State Street Corp boosted its stake in FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock worth $2,194,000 after buying an additional 11,165 shares in the last quarter. EAM Investors LLC bought a new stake in FMSA Holdings during the second quarter worth approximately $2,096,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in FMSA Holdings by 2.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,498,524 shares of the company’s stock worth $19,263,000 after buying an additional 56,680 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock worth $1,046,000 after buying an additional 28,917 shares in the last quarter. 56.31% of the stock is currently owned by hedge funds and other institutional investors.
About FMSA Holdings
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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