Equities researchers at B. Riley initiated coverage on shares of Fairmount Santrol (NYSE:FMSA) in a report issued on Thursday. The firm set a “neutral” rating and a $5.50 price target on the industrial products company’s stock. B. Riley’s price target would suggest a potential upside of 17.02% from the stock’s previous close.

A number of other research analysts also recently issued reports on FMSA. ValuEngine upgraded Fairmount Santrol from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet upgraded Fairmount Santrol from a “d+” rating to a “c-” rating in a research report on Tuesday, November 21st. BidaskClub upgraded Fairmount Santrol from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Barclays increased their price objective on Fairmount Santrol from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Finally, Cowen set a $6.00 target price on Fairmount Santrol and gave the company a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.26.

Shares of Fairmount Santrol (FMSA) opened at $4.70 on Thursday. The company has a market capitalization of $1,095.81, a P/E ratio of 122.25 and a beta of 2.11. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. Fairmount Santrol has a twelve month low of $2.46 and a twelve month high of $13.12.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The company had revenue of $280.05 million for the quarter, compared to analysts’ expectations of $264.02 million. During the same quarter last year, the business earned ($0.11) earnings per share. Fairmount Santrol’s revenue was up 107.8% on a year-over-year basis. analysts forecast that Fairmount Santrol will post 0.29 earnings per share for the current year.

A number of large investors have recently made changes to their positions in FMSA. Dimensional Fund Advisors LP bought a new position in Fairmount Santrol in the third quarter worth approximately $101,000. Point72 Asia Hong Kong Ltd lifted its holdings in Fairmount Santrol by 1,014.4% during the first 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 period. GSA Capital Partners LLP lifted its holdings in Fairmount Santrol by 92.3% during the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after buying an additional 10,726 shares during the period. Schnieders Capital Management LLC lifted its holdings in Fairmount Santrol by 46.7% during the first quarter. Schnieders Capital Management LLC now owns 15,700 shares of the industrial products company’s stock worth $115,000 after buying an additional 5,000 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Fairmount Santrol by 183.3% during 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 last quarter. 75.37% of the stock is currently owned by institutional investors.

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Fairmount Santrol 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 (NYSE:FMSA)

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