BidaskClub upgraded shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Several other research analysts have also commented on FMSA. Johnson Rice lowered shares of Fairmount Santrol Holdings from a buy rating to an accumulate rating and decreased their price target for the company from $10.00 to $6.00 in a report on Thursday, June 22nd. Citigroup Inc. lifted their price target on shares of Fairmount Santrol Holdings from $7.00 to $8.00 and gave the company a buy rating in a report on Friday, June 9th. Jefferies Group LLC set a $8.00 price target on shares of Fairmount Santrol Holdings and gave the company a buy rating in a report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a buy rating on shares of Fairmount Santrol Holdings in a report on Thursday, July 20th. Finally, Cowen and Company set a $6.00 price target on shares of Fairmount Santrol Holdings and gave the company a buy rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Fairmount Santrol Holdings presently has a consensus rating of Hold and an average target price of $6.94.

Shares of Fairmount Santrol Holdings (FMSA) opened at 4.78 on Wednesday. The stock has a 50 day moving average of $2.90 and a 200-day moving average of $4.66. Fairmount Santrol Holdings has a one year low of $2.46 and a one year high of $13.12. The stock’s market capitalization is $1.07 billion.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. The firm’s revenue for the quarter was up 104.2% compared to the same quarter last year. During the same period last year, the business earned ($0.54) EPS. Equities analysts predict that Fairmount Santrol Holdings will post $0.27 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of FMSA. Point72 Asia Hong Kong Ltd boosted its stake in Fairmount Santrol Holdings by 1,014.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 12,974 shares during the period. Principal Financial Group Inc. boosted its stake in Fairmount Santrol Holdings by 183.3% during the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 20,128 shares during the period. Clinton Group Inc. acquired a new position in Fairmount Santrol Holdings during the 1st quarter valued at about $132,000. BB&T Securities LLC boosted its stake in Fairmount Santrol Holdings by 216.8% during the 2nd quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 23,200 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new position in Fairmount Santrol Holdings during the 2nd quarter valued at about $140,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

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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