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.
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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.
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