Fairmount Santrol Holdings Inc. (NYSE:FMSA) had its target price upped by Citigroup Inc. from $4.25 to $6.00 in a research note published on Thursday morning. The brokerage currently has a buy rating on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the company. Johnson Rice cut Fairmount Santrol Holdings from a buy rating to an accumulate rating and dropped their target price for the company from $10.00 to $6.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada restated a buy rating on shares of Fairmount Santrol Holdings in a research report on Thursday, July 20th. Piper Jaffray Companies restated a buy rating and set a $4.50 target price on shares of Fairmount Santrol Holdings in a research report on Monday, August 7th. Cowen and Company set a $6.00 target price on Fairmount Santrol Holdings and gave the company a buy rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC dropped their target price on Fairmount Santrol Holdings from $8.00 to $5.00 and set a buy rating on the stock in a research report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Fairmount Santrol Holdings has a consensus rating of Hold and an average price target of $6.79.

Fairmount Santrol Holdings (FMSA) traded down 3.93% during trading on Thursday, hitting $4.89. The stock had a trading volume of 6,405,098 shares. The company’s market cap is $1.10 billion. Fairmount Santrol Holdings has a 52-week low of $2.46 and a 52-week high of $13.12. The firm’s 50-day moving average price is $3.60 and its 200-day moving average price is $4.41.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The firm had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. During the same period last year, the firm earned ($0.54) EPS. The company’s quarterly revenue was up 104.2% on a year-over-year basis. Analysts predict that Fairmount Santrol Holdings will post $0.28 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hartland & Co. LLC lifted its stake in Fairmount Santrol Holdings by 6.4% in the 2nd quarter. Hartland & Co. LLC now owns 13,553,349 shares of the industrial products company’s stock worth $52,858,000 after purchasing an additional 817,990 shares in the last quarter. Vanguard Group Inc. lifted its stake in Fairmount Santrol Holdings by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 12,863,759 shares of the industrial products company’s stock worth $50,169,000 after purchasing an additional 731,359 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Fairmount Santrol Holdings by 19.4% in the 1st quarter. Point72 Asset Management L.P. now owns 9,074,574 shares of the industrial products company’s stock worth $66,517,000 after purchasing an additional 1,475,449 shares in the last quarter. Elliott Management Corp purchased a new position in Fairmount Santrol Holdings in the 2nd quarter worth approximately $18,720,000. Finally, Goldman Sachs Group Inc. lifted its stake in Fairmount Santrol Holdings by 317.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,584,513 shares of the industrial products company’s stock worth $33,604,000 after purchasing an additional 3,486,174 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Fairmount Santrol Holdings 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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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