Several other analysts also recently commented on the stock. Credit Suisse Group boosted their target price on shares of Fairmount Santrol from $4.00 to $5.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. Royal Bank of Canada set a $6.00 target price on shares of Fairmount Santrol and gave the stock a buy rating in a research report on Sunday, November 12th. Zacks Investment Research downgraded shares of Fairmount Santrol from a hold rating to a sell rating in a research report on Monday, October 30th. Citigroup boosted their target price on shares of Fairmount Santrol from $4.25 to $6.00 and gave the stock a buy rating in a research report on Thursday, October 5th. Finally, Guggenheim raised shares of Fairmount Santrol from a neutral rating to a buy rating and set a $7.00 target price for the company in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $5.95.
Shares of Fairmount Santrol (FMSA) traded up $0.20 on Monday, reaching $5.79. 3,396,900 shares of the company were exchanged, compared to its average volume of 3,428,633. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. The stock has a market capitalization of $1,300.00, a P/E ratio of 115.80 and a beta of 2.11. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12.
Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in Fairmount Santrol by 168.7% during the 2nd 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 acquired a new position in Fairmount Santrol during the 2nd quarter valued at $18,720,000. Boston Partners acquired a new position in Fairmount Santrol during the 3rd quarter valued at $3,879,000. JPMorgan Chase & Co. raised its stake in Fairmount Santrol by 58.5% during the 2nd 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, The Manufacturers Life Insurance Company raised its stake in Fairmount Santrol by 68.0% during the 2nd 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. Institutional investors and hedge funds own 75.28% of the company’s stock.
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About Fairmount Santrol
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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