Fairmount Santrol (FMSA) Upgraded to “Buy” at Guggenheim
Guggenheim upgraded shares of Fairmount Santrol (NYSE:FMSA) from a neutral rating to a buy rating in a research report report published on Monday. The firm currently has $7.00 price target on the industrial products company’s stock.
Other research analysts also recently issued reports about the company. TheStreet raised Fairmount Santrol from a d+ rating to a c- rating in a research note on Tuesday, November 21st. Zacks Investment Research downgraded Fairmount Santrol from a hold rating to a sell rating in a research note on Tuesday, October 17th. B. Riley reaffirmed a neutral rating and set a $6.00 price target on shares of Fairmount Santrol in a research note on Wednesday, December 6th. Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a buy rating in a research note on Wednesday, October 18th. Finally, BidaskClub downgraded Fairmount Santrol from a buy rating to a hold rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Fairmount Santrol presently has a consensus rating of Hold and a consensus target price of $5.80.
Fairmount Santrol (FMSA) traded up $0.20 during mid-day trading on Monday, reaching $5.38. The company had a trading volume of 6,696,200 shares, compared to its average volume of 5,877,758. Fairmount Santrol has a fifty-two week low of $2.46 and a fifty-two week 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 $1,160.80, a P/E ratio of 129.50 and a beta of 2.11.
Several hedge funds have recently added to or reduced their stakes in FMSA. Dimensional Fund Advisors LP bought a new position in shares of Fairmount Santrol in the third quarter valued at approximately $101,000. GSA Capital Partners LLP grew its holdings in shares of Fairmount Santrol by 92.3% in the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 10,726 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Fairmount Santrol by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 20,128 shares in the last quarter. BB&T Securities LLC grew its holdings in shares of Fairmount Santrol by 216.8% in the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 23,200 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Fairmount Santrol by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 12,400 shares in the last quarter. 75.28% of the stock is 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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