Fairmount Santrol (FMSA) PT Set at $6.00 by Cowen
Cowen set a $6.00 price objective on Fairmount Santrol (NYSE:FMSA) in a research report released on Thursday morning. The brokerage currently has a buy rating on the industrial products company’s stock.
Several other analysts have also recently weighed in on the stock. Credit Suisse Group raised their target price on shares of Fairmount Santrol from $4.00 to $5.00 and gave the company a neutral rating in a report on Friday, November 3rd. Guggenheim raised shares of Fairmount Santrol from a neutral rating to a buy rating and set a $7.00 target price on the stock in a report on Monday, December 18th. Royal Bank of Canada set a $6.00 target price on shares of Fairmount Santrol and gave the company a buy rating in a report on Sunday, November 12th. Zacks Investment Research cut shares of Fairmount Santrol from a hold rating to a sell rating in a report on Monday, October 30th. Finally, Citigroup raised their target price on shares of Fairmount Santrol from $4.25 to $6.00 and gave the company a buy rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $5.95.
Fairmount Santrol (NYSE:FMSA) traded up $0.02 during midday trading on Thursday, hitting $6.05. 3,344,600 shares of the stock traded hands, compared to its average volume of 3,910,000. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. Fairmount Santrol has a twelve month low of $2.46 and a twelve month high of $13.12. The stock has a market capitalization of $1,360.00, a price-to-earnings ratio of 121.00 and a beta of 2.11.
Fairmount Santrol (NYSE:FMSA) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The business had revenue of $280.05 million during the quarter, compared to analyst estimates of $264.02 million. During the same quarter last year, the firm posted ($0.11) earnings per share. The business’s revenue for the quarter was up 107.8% compared to the same quarter last year. analysts forecast that Fairmount Santrol will post 0.29 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its holdings in Fairmount Santrol by 92.3% during the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 10,726 shares in the last quarter. WealthTrust Fairport LLC raised its holdings in Fairmount Santrol by 72.5% during the third quarter. WealthTrust Fairport LLC now owns 44,072 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 18,518 shares in the last quarter. Think Investments LP acquired a new stake in Fairmount Santrol during the third quarter worth approximately $17,643,000. Jane Street Group LLC raised its holdings in Fairmount Santrol by 75.9% during the third quarter. Jane Street Group LLC now owns 164,152 shares of the industrial products company’s stock worth $785,000 after purchasing an additional 70,853 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Fairmount Santrol during the third quarter worth approximately $101,000. 75.29% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/fairmount-santrol-fmsa-pt-set-at-6-00-by-cowen/1808537.html.
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.
Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.