Fairmount Santrol Holdings Inc. (NYSE:FMSA) has been assigned a $6.00 target price by equities researchers at Cowen and Company in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the industrial products company’s stock. Cowen and Company’s price objective suggests a potential upside of 51.52% from the stock’s current price.

A number of other analysts have also recently weighed in on FMSA. Morgan Stanley restated an “overweight” rating and issued a $8.00 price target (down from $14.50) on shares of Fairmount Santrol Holdings in a report on Wednesday, June 21st. Johnson Rice cut shares of Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $10.00 to $6.00 in a report on Thursday, June 22nd. Guggenheim cut shares of Fairmount Santrol Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Northcoast Research upgraded shares of Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Finally, Howard Weil restated a “sector outperform” rating on shares of Fairmount Santrol Holdings in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $6.79.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) traded up 0.51% on Wednesday, reaching $3.96. 2,465,887 shares of the company’s stock traded hands. The company’s market cap is $887.36 million. Fairmount Santrol Holdings has a 12-month low of $2.46 and a 12-month high of $13.12. The stock has a 50-day moving average price of $4.02 and a 200-day moving average price of $4.25.

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 FMSA. Point72 Asia Hong Kong Ltd raised its position in Fairmount Santrol Holdings by 1,014.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock worth $104,000 after buying an additional 12,974 shares during the last quarter. Principal Financial Group Inc. raised its position in Fairmount Santrol Holdings by 183.3% during the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after buying an additional 20,128 shares during the last quarter. BB&T Securities LLC raised its position in Fairmount Santrol Holdings by 216.8% during the 2nd quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after buying an additional 23,200 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new position in Fairmount Santrol Holdings during the 2nd quarter worth approximately $140,000. Finally, White Pine Capital LLC purchased a new position in Fairmount Santrol Holdings during the 2nd quarter worth approximately $140,000. 84.17% of the stock is owned by institutional investors.

Fairmount Santrol Holdings Company Profile

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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