Fairmount Santrol Holdings Inc. (FMSA) Given a $6.00 Price Target at Royal Bank Of Canada

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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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