Fairmount Santrol Holdings Inc. (FMSA) PT Raised to $5.00

Fairmount Santrol Holdings Inc. (NYSE:FMSA) had its price objective increased by research analysts at Barclays PLC from $4.00 to $5.00 in a report released on Monday. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays PLC’s price objective would suggest a potential upside of 0.81% from the company’s current price.

Other equities analysts have also issued reports about the stock. 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. Cowen and Company set a $6.00 price target on shares of Fairmount Santrol Holdings and gave the stock a “buy” rating in a research 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 reiterated a “buy” rating and issued a $4.50 price target on shares of Fairmount Santrol Holdings in a research report on Monday, August 7th. Finally, Wells Fargo & Company lowered shares of Fairmount Santrol Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. 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 company. The company has an average rating of “Hold” and a consensus target price of $6.31.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) opened at $4.96 on Monday. Fairmount Santrol Holdings has a twelve month low of $2.46 and a twelve month high of $13.12. The company has a market cap of $1,133.91, a P/E ratio of 126.50 and a beta of 2.06. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

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 Zacks’ consensus estimate of $0.13 by $0.02. Fairmount Santrol Holdings had a net margin of 1.69% and a return on equity of 4.05%. The business had revenue of $280.05 million during the quarter, compared to analysts’ expectations of $264.02 million. During the same period in the prior year, the company earned ($0.11) earnings per share. The firm’s revenue was up 107.8% on a year-over-year basis. equities research analysts predict that Fairmount Santrol Holdings will post 0.28 EPS for the current year.

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Large investors have recently modified their holdings of the stock. 1060 Capital LLC bought a new position in Fairmount Santrol Holdings during the second quarter valued at $3,914,000. Alliancebernstein L.P. lifted its position in Fairmount Santrol Holdings by 168.7% during the second quarter. Alliancebernstein L.P. now owns 395,620 shares of the industrial products company’s stock valued at $1,543,000 after purchasing an additional 248,400 shares during the last quarter. Elliott Management Corp bought a new position in Fairmount Santrol Holdings during the second quarter valued at $18,720,000. JPMorgan Chase & Co. lifted its position in Fairmount Santrol Holdings by 58.5% during the second quarter. JPMorgan Chase & Co. now owns 689,224 shares of the industrial products company’s stock valued at $2,687,000 after purchasing an additional 254,303 shares during the last quarter. Finally, Boston Partners bought a new position in Fairmount Santrol Holdings during the third quarter valued at $3,879,000. Hedge funds and other institutional investors own 84.07% of the company’s stock.

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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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