Fairmount Santrol Holdings Inc. (FMSA) Price Target Increased to $6.00 by Analysts at Citigroup Inc.
Fairmount Santrol Holdings Inc. (NYSE:FMSA) had its target price boosted by research analysts at Citigroup Inc. from $4.25 to $6.00 in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Citigroup Inc.’s target price indicates a potential upside of 26.32% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Johnson Rice cut Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and cut their target price for the stock from $10.00 to $6.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Fairmount Santrol Holdings in a research report on Thursday, July 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $4.50 target price on shares of Fairmount Santrol Holdings in a research report on Monday, August 7th. Cowen and Company set a $6.00 target price on Fairmount Santrol Holdings and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC cut their target price on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Fairmount Santrol Holdings presently has a consensus rating of “Hold” and a consensus target price of $6.79.
Fairmount Santrol Holdings (NYSE FMSA) traded up 4.84% during mid-day trading on Thursday, reaching $4.98. The company’s stock had a trading volume of 4,913,834 shares. Fairmount Santrol Holdings has a one year low of $2.46 and a one year high of $13.12. The stock’s 50 day moving average is $3.46 and its 200 day moving average is $4.42. The firm’s market cap is $1.12 billion.
Fairmount Santrol Holdings (NYSE:FMSA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The business had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. During the same quarter in the previous year, the firm earned ($0.54) earnings per share. The business’s revenue was up 104.2% compared to the same quarter last year. On average, analysts anticipate that Fairmount Santrol Holdings will post $0.27 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMSA. Point72 Asia Hong Kong Ltd boosted its holdings in Fairmount Santrol Holdings by 1,014.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 12,974 shares in the last quarter. Clinton Group Inc. purchased a new stake in Fairmount Santrol Holdings in the 1st quarter valued at approximately $132,000. Paloma Partners Management Co purchased a new stake in Fairmount Santrol Holdings in the 1st quarter valued at approximately $168,000. Virginia Retirement Systems ET AL purchased a new stake in Fairmount Santrol Holdings in the 1st quarter valued at approximately $196,000. Finally, Principal Financial Group Inc. boosted its holdings in Fairmount Santrol Holdings by 183.3% in the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 20,128 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other 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.
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