Fairmount Santrol (FMSA) Given a $6.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $6.00 target price on Fairmount Santrol (NYSE:FMSA) in a report released on Monday. The brokerage currently has a buy rating on the industrial products company’s stock.

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.

Fairmount Santrol (NYSE:FMSA) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company’s revenue for the quarter was up 107.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. equities analysts predict that Fairmount Santrol will post 0.29 earnings per share for the current year.

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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