Guggenheim upgraded shares of Fairmount Santrol (NYSE:FMSA) from a neutral rating to a buy rating in a report issued on Monday, December 18th, Marketbeat Ratings reports. Guggenheim currently has $7.00 price objective on the industrial products company’s stock.
Other equities research analysts have also recently issued reports about the company. Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a buy rating in a research note on Wednesday, October 18th. Citigroup boosted their price objective on Fairmount Santrol from $4.25 to $6.00 and gave the stock a buy rating in a research note on Thursday, October 5th. BidaskClub raised Fairmount Santrol from a hold rating to a buy rating in a research note on Wednesday, September 27th. Jefferies Group reduced their price objective on Fairmount Santrol from $8.00 to $5.00 and set a buy rating on the stock in a research note on Monday, August 28th. Finally, Royal Bank of Canada set a $6.00 target price on Fairmount Santrol and gave the company a buy rating in a research report on Sunday, November 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $5.95.
Shares of Fairmount Santrol (NYSE:FMSA) remained flat at $$6.03 during mid-day trading on Monday. The stock had a trading volume of 3,735,932 shares, compared to its average volume of 3,128,154. Fairmount Santrol has a 12-month low of $2.46 and a 12-month high of $13.12. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $1,350.00, a P/E ratio of 120.60 and a beta of 2.11.
Fairmount Santrol (NYSE:FMSA) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $280.05 million for the quarter, compared to analysts’ expectations of $264.02 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The business’s revenue was up 107.8% compared to the same quarter last year. research analysts expect that Fairmount Santrol will post 0.29 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new stake in Fairmount Santrol during the third quarter worth $101,000. GSA Capital Partners LLP increased its position in shares of 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 purchasing an additional 10,726 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Fairmount Santrol 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 in the last quarter. FineMark National Bank & Trust acquired a new position in shares of Fairmount Santrol during the third quarter worth $143,000. Finally, Principal Financial Group Inc. increased its position in shares of Fairmount Santrol 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 in the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.
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About Fairmount Santrol
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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