Citigroup Inc. Boosts FMSA Holdings Inc. (FMSA) Price Target to $12.25
Other research analysts have also recently issued reports about the stock. DA Davidson cut 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. Jefferies Group restated a hold rating and set a $8.00 target price (up from $4.00) on shares of FMSA Holdings in a report on Monday, July 11th. Simmons upgraded shares of FMSA Holdings to a buy rating and set a $8.00 target price for the company in a report on Thursday, July 21st. Zacks Investment Research upgraded shares of FMSA Holdings from a hold rating to a strong-buy rating and set a $10.00 target price for the company in a report on Tuesday, July 12th. Finally, Piper Jaffray Cos. upgraded shares of FMSA Holdings from a neutral rating to an overweight rating and reduced their target price for the stock from $9.75 to $8.00 in a report on Thursday, July 21st. One equities 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’s stock. The stock currently has an average rating of Buy and an average target price of $7.57.
Shares of FMSA Holdings (NYSE:FMSA) opened at 9.35 on Tuesday. The firm’s market capitalization is $1.79 billion. The stock’s 50 day moving average price is $8.00 and its 200-day moving average price is $6.31. FMSA Holdings has a 12-month low of $1.00 and a 12-month high of $9.86.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/citigroup-inc-boosts-fmsa-holdings-inc-fmsa-price-target-to-12-25.html
FMSA Holdings (NYSE:FMSA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.41. The firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. FMSA Holdings’s quarterly revenue was down 48.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. On average, equities analysts expect that FMSA Holdings will post ($0.42) EPS for the current year.
In other FMSA Holdings news, Director Charles D. Fowler purchased 1,666,666 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were acquired at an average price of $5.95 per share, for a total transaction of $9,916,662.70. Following the acquisition, the director now owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY acquired a new position in FMSA Holdings during the second quarter worth $434,000. Panagora Asset Management Inc. increased its position in FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock worth $912,000 after buying an additional 17,232 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in FMSA Holdings during the second quarter worth $1,026,000. Geode Capital Management LLC increased its position 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. Finally, California State Teachers Retirement System increased its position 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. Institutional investors and hedge funds 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.
Receive News & Ratings for FMSA Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMSA Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.