Fairmount Santrol Holdings Inc (FMSA) Raised to Buy at Jefferies Group LLC

Fairmount Santrol Holdings Inc (NASDAQ:FMSA) was upgraded by stock analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $10.00 price objective on the stock, down from their prior price objective of $12.00. Jefferies Group LLC’s target price would indicate a potential upside of 36.99% from the company’s current price.

A number of other research firms have also weighed in on FMSA. RBC Capital Markets reissued a “buy” rating and set a $16.00 target price on shares of Fairmount Santrol Holdings in a report on Wednesday, February 1st. Howard Weil upgraded Fairmount Santrol Holdings from an “outperform” rating to a “focus list” rating and set a $17.00 target price for the company in a research report on Thursday, December 15th. Johnson Rice upgraded Fairmount Santrol Holdings from an “accumulate” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, December 9th. Zacks Investment Research upgraded Fairmount Santrol Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Monday, January 23rd. Finally, Barclays PLC upgraded Fairmount Santrol Holdings from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $10.00 to $15.00 in a research report on Monday, January 9th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.00.

Analyst Recommendations for Fairmount Santrol Holdings (NASDAQ:FMSA)

Fairmount Santrol Holdings (NASDAQ:FMSA) opened at 7.30 on Friday. Fairmount Santrol Holdings has a 12-month low of $2.33 and a 12-month high of $13.12. The company has a 50-day moving average price of $11.45 and a 200-day moving average price of $9.67. The firm’s market cap is $1.63 billion.

Fairmount Santrol Holdings (NASDAQ:FMSA) last released its quarterly earnings data on Thursday, March 9th. The company reported ($0.09) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). The business had revenue of $140.53 million for the quarter, compared to the consensus estimate of $156.23 million. During the same quarter last year, the firm earned ($0.56) EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Fairmount Santrol Holdings will post ($0.37) earnings per share for the current year.

This news story was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The correct version of this news story can be read at https://www.chaffeybreeze.com/2017/03/10/fairmount-santrol-holdings-inc-fmsa-raised-to-buy-at-jefferies-group-llc.html.

A number of institutional investors have recently modified their holdings of FMSA. Castleark Management LLC boosted its position in shares of Fairmount Santrol Holdings by 164.4% in the fourth quarter. Castleark Management LLC now owns 700,725 shares of the company’s stock worth $8,262,000 after buying an additional 435,725 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Fairmount Santrol Holdings during the fourth quarter worth about $1,590,000. AQR Capital Management LLC boosted its position in shares of Fairmount Santrol Holdings by 84.0% in the fourth quarter. AQR Capital Management LLC now owns 119,958 shares of the company’s stock worth $1,414,000 after buying an additional 54,748 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Fairmount Santrol Holdings by 161.4% in the fourth quarter. Guggenheim Capital LLC now owns 169,552 shares of the company’s stock worth $1,999,000 after buying an additional 104,695 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Fairmount Santrol Holdings by 13.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 63,816 shares of the company’s stock worth $752,000 after buying an additional 7,438 shares during the last quarter.

Fairmount Santrol Holdings Company Profile

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.

5 Day Chart for NASDAQ:FMSA

Receive News & Ratings for Fairmount Santrol Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply