Piper Jaffray Analysts Give Fairmount Santrol (FMSA) a $6.00 Price Target

Fairmount Santrol (NYSE:FMSA) has been assigned a $6.00 price objective by investment analysts at Piper Jaffray in a research report issued to clients and investors on Wednesday, March 14th. The brokerage presently has a “buy” rating on the industrial products company’s stock. Piper Jaffray’s price target suggests a potential upside of 31.58% from the company’s previous close.

Other analysts have also issued reports about the stock. Scotia Howard Weill reiterated a “sector perform” rating on shares of Fairmount Santrol in a research note on Friday, January 12th. Howard Weil lowered shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. Cowen set a $6.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of Fairmount Santrol from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Royal Bank of Canada set a $7.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.95.

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NYSE FMSA traded down $0.06 during trading hours on Wednesday, reaching $4.56. The company had a trading volume of 2,022,023 shares, compared to its average volume of 1,940,879. Fairmount Santrol has a 1-year low of $2.46 and a 1-year high of $7.66. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.14 and a quick ratio of 1.73. The stock has a market capitalization of $1,036.48, a P/E ratio of 19.00 and a beta of 2.17.

Fairmount Santrol (NYSE:FMSA) last posted its earnings results on Thursday, March 8th. The industrial products company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). Fairmount Santrol had a net margin of 5.60% and a return on equity of 20.31%. The company had revenue of $273.90 million during the quarter, compared to analyst estimates of $279.50 million. During the same period in the previous year, the company earned ($0.09) EPS. The company’s quarterly revenue was up 94.9% compared to the same quarter last year. analysts anticipate that Fairmount Santrol will post 0.63 EPS for the current year.

In other Fairmount Santrol news, EVP Gerald L. Clancey sold 10,477 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.49, for a total value of $47,041.73. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William E. Conway purchased 50,000 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $4.26 per share, for a total transaction of $213,000.00. Following the completion of the purchase, the director now directly owns 56,549 shares of the company’s stock, valued at $240,898.74. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 56,600 shares of company stock worth $240,570 and have sold 28,626 shares worth $128,051. 9.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in FMSA. Parametric Portfolio Associates LLC increased its stake in Fairmount Santrol by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock valued at $669,000 after purchasing an additional 7,472 shares during the last quarter. Voya Investment Management LLC increased its stake in Fairmount Santrol by 96.9% in the second quarter. Voya Investment Management LLC now owns 70,711 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 34,797 shares during the last quarter. State Street Corp increased its stake in Fairmount Santrol by 50.9% in the second quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after purchasing an additional 1,540,859 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Fairmount Santrol by 68.0% in the second quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 50,298 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Fairmount Santrol by 53.6% in the second quarter. California State Teachers Retirement System now owns 274,886 shares of the industrial products company’s stock valued at $1,072,000 after purchasing an additional 95,900 shares during the last quarter. Institutional investors own 74.74% of the company’s stock.

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Fairmount Santrol 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 (NYSE:FMSA)

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