Piper Jaffray Companies set a $6.00 target price on Fairmount Santrol (NYSE:FMSA) in a report issued on Monday, January 1st. The firm currently has a buy rating on the industrial products company’s stock.
Other research analysts have also issued research reports about the company. Royal Bank of Canada set a $6.00 target price on Fairmount Santrol and gave the company a buy rating in a report on Sunday, November 12th. Zacks Investment Research raised Fairmount Santrol from a sell rating to a hold rating in a report on Tuesday, November 7th. Wells Fargo & Co lowered Fairmount Santrol from an outperform rating to a market perform rating in a report on Monday, October 16th. B. Riley started coverage on Fairmount Santrol in a report on Thursday, December 7th. They set a neutral rating and a $5.50 price objective for the company. Finally, KeyCorp reissued an overweight rating and set a $6.50 price objective on shares of Fairmount Santrol in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $5.95.
Fairmount Santrol (FMSA) traded up $0.08 during midday trading on Monday, reaching $6.03. 2,336,900 shares of the company traded hands, compared to its average volume of 3,041,329. Fairmount Santrol has a twelve month low of $2.46 and a twelve month high of $13.12. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. The firm has a market cap of $1,380.00, a P/E ratio of 120.60 and a beta of 2.11.
Fairmount Santrol (NYSE:FMSA) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The company had revenue of $280.05 million for the quarter, compared to analysts’ expectations of $264.02 million. During the same period in the previous year, the business posted ($0.11) EPS. The business’s revenue for the quarter was up 107.8% compared to the same quarter last year. sell-side analysts anticipate that Fairmount Santrol will post 0.29 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Hartland & Co. LLC lifted its holdings in Fairmount Santrol by 6.5% in the third quarter. Hartland & Co. LLC now owns 14,428,795 shares of the industrial products company’s stock valued at $68,970,000 after acquiring an additional 875,446 shares during the period. Vanguard Group Inc. raised its stake in shares of Fairmount Santrol by 6.0% in the second quarter. Vanguard Group Inc. now owns 12,863,759 shares of the industrial products company’s stock worth $50,169,000 after buying an additional 731,359 shares during the period. ING Groep NV bought a new position in shares of Fairmount Santrol in the third quarter worth about $24,846,000. Elliott Management Corp bought a new position in shares of Fairmount Santrol in the second quarter worth about $18,720,000. Finally, State Street Corp raised its stake in shares of Fairmount Santrol by 50.9% in the second quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after buying an additional 1,540,859 shares during the period. 75.29% of the stock is currently owned by institutional investors.
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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.
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