Royal Bank Of Canada Analysts Give Fairmount Santrol Holdings Inc. (FMSA) a $6.00 Price Target
Fairmount Santrol Holdings Inc. (NYSE:FMSA) received a $6.00 price objective from analysts at Royal Bank Of Canada in a note issued to investors on Sunday. The firm presently has a “buy” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 28.76% from the company’s current price.
Several other equities analysts have also recently commented on FMSA. Cowen and Company set a $6.00 price target on Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Wednesday, October 18th. BidaskClub raised Fairmount Santrol Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $4.50 price target on shares of Fairmount Santrol Holdings in a report on Monday, August 7th. Credit Suisse Group upped their price target on Fairmount Santrol Holdings from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research cut Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Fairmount Santrol Holdings presently has an average rating of “Hold” and an average target price of $6.44.
Shares of Fairmount Santrol Holdings (NYSE FMSA) traded down $0.03 during trading hours on Friday, hitting $4.66. The company’s stock had a trading volume of 2,568,100 shares, compared to its average volume of 6,059,448. Fairmount Santrol Holdings has a 12 month low of $2.46 and a 12 month high of $13.12. The firm has a market capitalization of $1,020.00, a PE ratio of 116.50 and a beta of 2.06. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new position in Fairmount Santrol Holdings in the 3rd quarter valued at $101,000. Point72 Asia Hong Kong Ltd lifted its stake in shares of 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 during the period. Schnieders Capital Management LLC lifted its stake in shares of Fairmount Santrol Holdings by 46.7% in the 1st quarter. Schnieders Capital Management LLC now owns 15,700 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 5,000 shares during the period. Principal Financial Group Inc. lifted its stake in shares of 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 during the period. Finally, Clinton Group Inc. acquired a new position in shares of Fairmount Santrol Holdings in the 1st quarter valued at $132,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.
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.
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