Fairmount Santrol Holdings Inc. (NYSE:FMSA)‘s stock had its “buy” rating reaffirmed by investment analysts at Piper Jaffray Companies in a research note issued on Monday. They currently have a $4.50 price objective on the industrial products company’s stock. Piper Jaffray Companies’ price target points to a potential upside of 57.89% from the company’s current price.

A number of other research analysts have also issued reports on FMSA. Jefferies Group LLC reissued a “buy” rating and issued a $10.00 target price on shares of Fairmount Santrol Holdings in a report on Tuesday, April 11th. Zacks Investment Research lowered Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Barclays PLC lowered Fairmount Santrol Holdings from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $9.00 to $7.00 in a report on Friday, April 21st. Evercore ISI initiated coverage on Fairmount Santrol Holdings in a report on Thursday, May 25th. They issued an “in-line” rating and a $6.00 target price on the stock. Finally, ValuEngine lowered Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Fairmount Santrol Holdings has an average rating of “Hold” and an average target price of $7.13.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) traded down 4.36% on Monday, hitting $2.85. 3,636,744 shares of the company’s stock were exchanged. The firm’s market cap is $638.24 million. Fairmount Santrol Holdings has a 12 month low of $2.58 and a 12 month high of $13.12. The stock’s 50 day moving average is $3.55 and its 200 day moving average is $6.83.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $233.20 million for the quarter, compared to analyst estimates of $231.16 million. Fairmount Santrol Holdings had a negative return on equity of 28.04% and a negative net margin of 6.11%. The company’s revenue for the quarter was up 104.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.54) earnings per share. On average, equities analysts predict that Fairmount Santrol Holdings will post $0.24 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its stake in Fairmount Santrol Holdings by 35.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 46,739 shares of the industrial products company’s stock worth $551,000 after buying an additional 12,139 shares during the period. Teachers Advisors LLC increased its stake in Fairmount Santrol Holdings by 92.5% in the fourth quarter. Teachers Advisors LLC now owns 278,520 shares of the industrial products company’s stock worth $3,284,000 after buying an additional 133,868 shares during the period. Macquarie Group Ltd. acquired a new stake in Fairmount Santrol Holdings during the fourth quarter worth $1,558,000. Peregrine Capital Management LLC increased its stake in Fairmount Santrol Holdings by 5.8% in the first quarter. Peregrine Capital Management LLC now owns 1,611,428 shares of the industrial products company’s stock worth $11,989,000 after buying an additional 87,928 shares during the period. Finally, Creative Planning increased its stake in Fairmount Santrol Holdings by 246.6% in the first quarter. Creative Planning now owns 46,786 shares of the industrial products company’s stock worth $343,000 after buying an additional 33,286 shares during the period. Hedge funds and other institutional investors own 85.06% of the company’s stock.

About Fairmount Santrol Holdings

Fairmount Santrol Holdings Inc is a provider of 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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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