Fairmount Santrol Holdings Inc. (NYSE:FMSA)‘s stock had its “overweight” rating restated by stock analysts at KeyCorp in a report released on Wednesday. They currently have a $6.50 price target on the industrial products company’s stock. KeyCorp’s target price would indicate a potential upside of 36.84% from the company’s current price.

A number of other analysts have also recently weighed in on FMSA. BidaskClub upgraded shares of Fairmount Santrol Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Cowen and Company set a $6.00 price target on shares of Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Friday, August 4th. Piper Jaffray Companies restated a “buy” rating and issued a $4.50 price target on shares of Fairmount Santrol Holdings in a report on Monday, August 7th. Janney Montgomery Scott assumed coverage on shares of Fairmount Santrol Holdings in a report on Thursday, June 15th. They issued a “neutral” rating and a $5.60 price target on the stock. Finally, Jefferies Group LLC set a $8.00 price target on shares of Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Fairmount Santrol Holdings presently has an average rating of “Hold” and a consensus target price of $6.79.

Shares of Fairmount Santrol Holdings (NYSE FMSA) traded up 4.105% on Wednesday, reaching $4.945. 1,619,163 shares of the company’s stock traded hands. Fairmount Santrol Holdings has a 12-month low of $2.47 and a 12-month high of $13.12. The company’s market cap is $1.11 billion. The stock has a 50-day moving average price of $3.46 and a 200-day moving average price of $4.42.

Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. The business had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. During the same period last year, the business earned ($0.54) EPS. The company’s revenue was up 104.2% compared to the same quarter last year. Equities research analysts anticipate that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC raised its position in Fairmount Santrol Holdings by 86.7% during the 2nd quarter. Verition Fund Management LLC now owns 79,369 shares of the industrial products company’s stock worth $310,000 after buying an additional 36,852 shares during the last quarter. Capital Innovations LLC raised its position in Fairmount Santrol Holdings by 53.7% during the 2nd quarter. Capital Innovations LLC now owns 39,485 shares of the industrial products company’s stock worth $154,000 after buying an additional 13,800 shares during the last quarter. California State Teachers Retirement System raised its position in Fairmount Santrol Holdings by 53.6% during the 2nd quarter. California State Teachers Retirement System now owns 274,886 shares of the industrial products company’s stock worth $1,072,000 after buying an additional 95,900 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Fairmount Santrol Holdings by 68.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock worth $484,000 after buying an additional 50,298 shares during the last quarter. Finally, Elliott Management Corp purchased a new position in Fairmount Santrol Holdings during the 2nd quarter worth approximately $18,720,000. 84.17% of the stock is owned by institutional investors.

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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