FMSA Holdings Inc. (NYSE:FMSA) Receives $7.35 Average Price Target from Analysts
Shares of FMSA Holdings Inc. (NYSE:FMSA) have received an average rating of “Buy” from the twenty analysts that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.35.
FMSA has been the subject of a number of analyst reports. Barclays PLC initiated coverage on FMSA Holdings in a research report on Wednesday, August 10th. They issued an “equal weight” rating and a $9.00 price target for the company. DA Davidson downgraded FMSA Holdings from a “buy” rating to an “underperform” rating and set a $5.00 price target for the company. in a research report on Monday, June 13th. Zacks Investment Research upgraded FMSA Holdings from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research report on Tuesday, July 12th. Jefferies Group restated a “hold” rating and issued a $4.00 price target (up from $3.50) on shares of FMSA Holdings in a research report on Tuesday, May 24th. Finally, Wells Fargo & Co. upgraded FMSA Holdings from a “market perform” rating to an “outperform” rating in a research report on Monday, July 18th.
In related news, Director Charles D. Fowler bought 1,666,666 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were bought at an average price of $5.95 per share, for a total transaction of $9,916,662.70. Following the completion of the purchase, the director now directly owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.20% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock valued at $2,194,000 after buying an additional 11,165 shares during the period. Geode Capital Management LLC raised its position in FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock valued at $1,046,000 after buying an additional 28,917 shares during the period. Viking Fund Management LLC bought a new position in FMSA Holdings during the second quarter valued at about $5,551,000. Bank of New York Mellon Corp raised its position in FMSA Holdings by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 569,467 shares of the company’s stock valued at $4,392,000 after buying an additional 83,794 shares during the period. Finally, California State Teachers Retirement System raised its position in FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock valued at $1,065,000 after buying an additional 2,546 shares during the period. Institutional investors own 14.36% of the company’s stock.
Shares of FMSA Holdings (NYSE:FMSA) traded up 3.12% during mid-day trading on Wednesday, hitting $7.61. 654,918 shares of the stock were exchanged. The stock’s 50 day moving average is $7.54 and its 200 day moving average is $5.63. FMSA Holdings has a 12 month low of $1.00 and a 12 month high of $8.83. The firm’s market cap is $1.46 billion.
FMSA Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.41. The company earned $114.20 million during the quarter, compared to the consensus estimate of $129.35 million. FMSA Holdings had a positive return on equity of 36.13% and a negative net margin of 41.85%. The firm’s quarterly revenue was down 48.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. Analysts expect that FMSA Holdings will post ($0.43) EPS for the current fiscal year.
About FMSA Holdings
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides 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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