Fairmount Santrol (FMSA) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Fairmount Santrol (NYSE:FMSA) from a sell rating to a hold rating in a research report report published on Friday.

FMSA has been the subject of a number of other research reports. KeyCorp reiterated an overweight rating and issued a $6.50 target price on shares of Fairmount Santrol in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Fairmount Santrol from a sell rating to a hold rating in a research note on Thursday, August 31st. Royal Bank Of Canada set a $6.00 target price on shares of Fairmount Santrol and gave the company a buy rating in a research note on Sunday, November 12th. Jefferies Group dropped their price objective on shares of Fairmount Santrol from $8.00 to $5.00 and set a buy rating for the company in a research report on Monday, August 28th. Finally, Zacks Investment Research upgraded shares of Fairmount Santrol from a sell rating to a hold rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $6.31.

Fairmount Santrol (NYSE FMSA) traded up $0.08 during trading hours on Friday, hitting $4.90. 4,878,100 shares of the stock were exchanged, compared to its average volume of 5,939,215. Fairmount Santrol has a 52 week low of $2.46 and a 52 week 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 company has a market capitalization of $1,098.05, a PE ratio of 122.50 and a beta of 2.11.

Fairmount Santrol (NYSE:FMSA) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company had revenue of $280.05 million during the quarter, compared to analysts’ expectations of $264.02 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Fairmount Santrol’s quarterly revenue was up 107.8% compared to the same quarter last year. analysts anticipate that Fairmount Santrol will post 0.28 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMSA. Dimensional Fund Advisors LP acquired a new stake in Fairmount Santrol during the 3rd quarter worth $101,000. GSA Capital Partners LLP grew its holdings in Fairmount Santrol by 92.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 10,726 shares during the period. Principal Financial Group Inc. grew its holdings in Fairmount Santrol by 183.3% during the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 20,128 shares during the period. BB&T Securities LLC grew its holdings in Fairmount Santrol by 216.8% during the 2nd quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 23,200 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Fairmount Santrol by 80.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 12,400 shares during the period. 75.37% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2017/12/04/fairmount-santrol-fmsa-lifted-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fairmount Santrol (NYSE:FMSA)

What are top analysts saying about Fairmount Santrol Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fairmount Santrol Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit