Fairmount Santrol Holdings Inc. (FMSA) Receives Average Rating of “Hold” from Analysts
Fairmount Santrol Holdings Inc. (NYSE:FMSA) has been given a consensus recommendation of “Hold” by the twenty research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.47.
Several equities research analysts have commented on FMSA shares. Northcoast Research raised Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. BidaskClub upgraded Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Jefferies Group LLC lowered their price target on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, August 28th. Credit Suisse Group lowered Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $12.00 to $4.00 in a research report on Thursday, July 20th. Finally, Janney Montgomery Scott assumed coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, June 15th. They issued a “neutral” rating and a $5.60 price target on the stock.
Several institutional investors have recently added to or reduced their stakes in FMSA. Point72 Asia Hong Kong Ltd increased its position in shares of Fairmount Santrol Holdings by 1,014.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 12,974 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Fairmount Santrol Holdings by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after buying an additional 20,128 shares during the last quarter. Clinton Group Inc. purchased a new position in shares of Fairmount Santrol Holdings in the first quarter worth approximately $132,000. BB&T Securities LLC boosted its holdings in shares of Fairmount Santrol Holdings by 216.8% in the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after buying an additional 23,200 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Fairmount Santrol Holdings in the second quarter worth approximately $140,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
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Fairmount Santrol Holdings (NYSE FMSA) traded down 4.45% on Wednesday, hitting $4.72. The stock had a trading volume of 5,465,896 shares. The company’s market cap is $1.06 billion. The stock has a 50 day moving average price of $3.40 and a 200 day moving average price of $4.42. Fairmount Santrol Holdings has a 1-year low of $2.46 and a 1-year high of $13.12.
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, beating 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 period last year, the business earned ($0.54) earnings per share. The business’s revenue was up 104.2% on a year-over-year basis. On average, equities research analysts expect that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.
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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