Brokerages Set Fairmount Santrol Holdings Inc. (FMSA) PT at $5.40

Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) have earned an average recommendation of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.40.

FMSA has been the subject of a number of recent research reports. Jefferies Group LLC reduced their price target on shares of 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 shares of Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $4.00 in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) lowered shares of Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $11.00 to $2.00 in a research report on Thursday, July 20th. Citigroup Inc. raised their price target on shares of Fairmount Santrol Holdings from $4.25 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Fairmount Santrol Holdings in a research report on Thursday, July 20th.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. During the same period last year, the firm posted ($0.54) EPS. Fairmount Santrol Holdings’s revenue for the quarter was up 104.2% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its stake in shares of Fairmount Santrol Holdings by 138.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 75,230 shares of the industrial products company’s stock worth $360,000 after purchasing an additional 43,680 shares during the period. FineMark National Bank & Trust acquired a new stake in shares of Fairmount Santrol Holdings during the 3rd quarter worth approximately $143,000. Van Cleef Asset Management Inc acquired a new stake in shares of Fairmount Santrol Holdings during the 3rd quarter worth approximately $815,000. Mizuho Securities USA LLC acquired a new stake in shares of Fairmount Santrol Holdings during the 3rd quarter worth approximately $478,000. Finally, Verition Fund Management LLC grew its stake in shares of Fairmount Santrol Holdings by 86.7% during the 2nd quarter. Verition Fund Management LLC now owns 79,369 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 36,852 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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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