Citigroup Inc. Boosts FMSA Holdings Inc. (FMSA) Price Target to $12.25
FMSA Holdings Inc. (NYSE:FMSA) had its target price raised by Citigroup Inc. from $9.50 to $12.25 in a research report sent to investors on Tuesday morning. They currently have a buy rating on the stock.
A number of other analysts have also recently commented on the company. Johnson Rice assumed coverage on FMSA Holdings in a research report on Monday, October 10th. They set an accumulate rating and a $11.00 target price on the stock. Zacks Investment Research upgraded FMSA Holdings from a hold rating to a buy rating and set a $10.00 target price on the stock in a research report on Wednesday, October 5th. Credit Suisse Group AG reiterated a hold rating and set a $7.00 target price on shares of FMSA Holdings in a research report on Tuesday, September 20th. Barclays PLC initiated coverage on FMSA Holdings in a report on Wednesday, August 10th. They set an equal weight rating and a $9.00 price target on the stock. Finally, Cowen and Company raised FMSA Holdings from a market perform rating to an outperform rating and raised their price target for the stock from $4.00 to $8.50 in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. FMSA Holdings currently has a consensus rating of Buy and a consensus target price of $7.57.
FMSA Holdings (NYSE:FMSA) opened at 9.35 on Tuesday. FMSA Holdings has a one year low of $1.00 and a one year high of $9.86. The stock’s market cap is $1.79 billion. The stock has a 50 day moving average price of $8.00 and a 200-day moving average price of $6.31.
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FMSA Holdings (NYSE:FMSA) last posted its quarterly 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 business earned $114.20 million during the quarter, compared to the consensus estimate of $129.35 million. During the same quarter in the previous year, the company posted $0.02 EPS. FMSA Holdings’s quarterly revenue was down 48.5% compared to the same quarter last year. Equities research analysts expect that FMSA Holdings will post ($0.42) earnings per share for the current fiscal year.
In related news, Director Charles D. Fowler acquired 1,666,666 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was purchased at an average cost of $5.95 per share, for a total transaction of $9,916,662.70. Following the transaction, the director now directly owns 1,705,132 shares of the company’s stock, valued at approximately $10,145,535.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of FMSA. Metropolitan Life Insurance Co. NY acquired a new position in shares of FMSA Holdings during the second quarter valued at $434,000. Panagora Asset Management Inc. increased its position 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 period. Emerald Acquisition Ltd. acquired a new position in shares of FMSA Holdings during the second quarter valued at $1,026,000. California State Teachers Retirement System increased its position 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 period. Finally, Ameriprise Financial Inc. acquired a new position in shares of FMSA Holdings during the second quarter valued at $1,154,000. Institutional investors own 14.37% 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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