Royal Bank Of Canada set a $6.00 price target on Fairmount Santrol Holdings Inc. (NYSE:FMSA) in a research report report published on Sunday. The firm currently has a buy rating on the industrial products company’s stock.
FMSA has been the subject of several other research reports. Cowen and Company set a $6.00 target price on shares of Fairmount Santrol Holdings and gave the company a buy rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Fairmount Santrol Holdings from a strong sell rating to a sell rating in a research report on Monday, July 31st. Piper Jaffray Companies restated a buy rating and set a $4.50 price target on shares of Fairmount Santrol Holdings in a research report on Monday, August 7th. Credit Suisse Group increased their price target on shares of Fairmount Santrol Holdings from $4.00 to $5.00 and gave the company a neutral rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Fairmount Santrol Holdings from a hold rating to a sell rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $6.44.
Shares of Fairmount Santrol Holdings (NYSE FMSA) traded down $0.03 during mid-day trading on Friday, hitting $4.66. 2,568,100 shares of the stock traded hands, compared to its average volume of 6,059,448. The stock has a market capitalization of $1,044.27, a P/E ratio of 116.50 and a beta of 2.06. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.11 and a current ratio of 2.52. Fairmount Santrol Holdings has a 52 week low of $2.46 and a 52 week high of $13.12.
Fairmount Santrol Holdings (NYSE:FMSA) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol Holdings had a net margin of 1.69% and a return on equity of 4.05%. The firm’s revenue for the quarter was up 107.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) earnings per share. equities research analysts predict that Fairmount Santrol Holdings will post 0.27 earnings per share for the current year.
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Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new position in Fairmount Santrol Holdings during the third quarter worth about $101,000. Paloma Partners Management Co bought a new position in Fairmount Santrol Holdings during the first quarter worth about $168,000. Oppenheimer & Co. Inc. boosted its position in Fairmount Santrol Holdings by 80.5% during the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 12,400 shares during the period. FineMark National Bank & Trust bought a new position in Fairmount Santrol Holdings during the third quarter worth about $143,000. Finally, Principal Financial Group Inc. boosted its position in Fairmount Santrol Holdings by 183.3% during the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 20,128 shares during the period. 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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