FMSA Holdings Inc. (FMSA) Price Target Raised to $12.25 at Citigroup Inc.
FMSA Holdings Inc. (NYSE:FMSA) had its price target lifted by stock analysts at Citigroup Inc. from $9.50 to $12.25 in a report issued on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 25.77% from the stock’s current price.
A number of other equities research analysts have also weighed in on the stock. DA Davidson lowered shares of FMSA Holdings from a “buy” rating to an “underperform” rating and set a $5.00 price objective for the company. in a report on Monday, June 13th. Wells Fargo & Co. upgraded shares of FMSA Holdings from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. Barclays PLC initiated coverage on shares of FMSA Holdings in a report on Wednesday, August 10th. They issued an “equal weight” rating and a $9.00 price objective for the company. Zacks Investment Research lowered shares of FMSA Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 14th. Finally, Jefferies Group restated a “hold” rating and issued a $8.00 price objective (up from $4.00) on shares of FMSA Holdings in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $7.35.
FMSA Holdings (NYSE:FMSA) traded down 2.310% on Tuesday, hitting $9.515. 1,232,460 shares of the company’s stock were exchanged. FMSA Holdings has a 52-week low of $1.00 and a 52-week high of $9.86. The firm has a 50 day moving average price of $7.78 and a 200-day moving average price of $6.19. The stock’s market cap is $1.82 billion.
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FMSA Holdings (NYSE:FMSA) last announced its quarterly earnings data 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 had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $129.35 million. The business’s revenue was down 48.5% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. Analysts predict that FMSA Holdings will post ($0.42) earnings per share for the current fiscal year.
In other FMSA Holdings news, Director Charles D. Fowler bought 1,666,666 shares of FMSA Holdings stock in a transaction dated Tuesday, July 26th. The shares were purchased at an average cost of $5.95 per share, with a total value of $9,916,662.70. Following the transaction, the director now directly owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Systematic Financial Management LP acquired a new stake in FMSA Holdings during the second quarter worth $1,498,000. State Street Corp increased 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. California State Teachers Retirement System increased its stake in FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in FMSA Holdings during the second quarter worth $1,026,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased 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. 14.36% of the stock is currently owned by hedge funds and other institutional investors.
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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