Fairmount Santrol Holdings Inc. (FMSA) Given a $6.00 Price Target at Cowen and Company

Fairmount Santrol Holdings Inc. (NYSE:FMSA) received a $6.00 price objective from analysts at Cowen and Company in a report issued on Wednesday, October 18th. The firm presently has a “buy” rating on the industrial products company’s stock. Cowen and Company’s target price points to a potential upside of 51.90% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub lowered shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Wells Fargo & Company lowered shares of Fairmount Santrol Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Citigroup Inc. lifted their price objective on shares of Fairmount Santrol Holdings from $4.25 to $6.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, KeyCorp reiterated an “overweight” rating and set a $6.50 price objective on shares of Fairmount Santrol Holdings in a report on Wednesday, October 4th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.79.

Fairmount Santrol Holdings (NYSE FMSA) traded up 6.47% during mid-day trading on Wednesday, hitting $3.95. 3,689,557 shares of the stock were exchanged. Fairmount Santrol Holdings has a 52 week low of $2.46 and a 52 week high of $13.12. The stock’s market capitalization is $885.12 million. The company has a 50-day moving average of $4.13 and a 200-day moving average of $4.09.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. During the same quarter last year, the business earned ($0.54) EPS. The business’s revenue was up 104.2% on a year-over-year basis. On average, equities analysts predict that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Fairmount Santrol Holdings Inc. (FMSA) Given a $6.00 Price Target at Cowen and Company” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/28/fairmount-santrol-holdings-inc-fmsa-given-a-6-00-price-target-by-cowen-and-company-analysts.html.

Institutional investors have recently modified their holdings of the company. 1060 Capital LLC purchased a new position in shares of Fairmount Santrol Holdings in the 2nd quarter worth approximately $3,914,000. Elliott Management Corp purchased a new position in shares of Fairmount Santrol Holdings in the 2nd quarter worth approximately $18,720,000. JPMorgan Chase & Co. grew its position in shares of Fairmount Santrol Holdings by 58.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 689,224 shares of the industrial products company’s stock worth $2,687,000 after buying an additional 254,303 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Fairmount Santrol Holdings by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 12,132,400 shares of the industrial products company’s stock worth $88,930,000 after buying an additional 370,651 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Fairmount Santrol Holdings by 1,333.9% in the 1st quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock worth $3,251,000 after buying an additional 412,604 shares during the last quarter. 83.77% 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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

Receive News & Ratings for Fairmount Santrol Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply