BidaskClub Downgrades Fairmount Santrol Holdings Inc. (FMSA) to Hold

BidaskClub lowered shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) from a buy rating to a hold rating in a research note released on Tuesday, October 17th.

Other analysts have also issued research reports about the company. Johnson Rice lowered Fairmount Santrol Holdings from a buy rating to an accumulate rating and cut their price objective for the company from $10.00 to $6.00 in a report on Thursday, June 22nd. Jefferies Group LLC cut their price objective on Fairmount Santrol Holdings from $8.00 to $5.00 and set a buy rating for the company in a report on Monday, August 28th. Piper Jaffray Companies reaffirmed a buy rating and set a $4.50 target price on shares of Fairmount Santrol Holdings in a 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 report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a buy rating on shares of Fairmount Santrol Holdings in a report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $6.85.

Fairmount Santrol Holdings (FMSA) traded up $0.12 during trading hours on Tuesday, hitting $4.73. The stock had a trading volume of 2,875,127 shares, compared to its average volume of 4,438,514. Fairmount Santrol Holdings has a 12 month low of $2.46 and a 12 month high of $13.12. The company has a market capitalization of $1,030.77, a PE ratio of 115.00 and a beta of 2.06. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.75 and a current ratio of 3.29.

Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $280.05 million during the quarter, compared to analysts’ expectations of $264.02 million. Fairmount Santrol Holdings had a return on equity of 4.24% and a net margin of 1.69%. The company’s revenue for the quarter was up 107.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share. equities analysts expect that Fairmount Santrol Holdings will post 0.27 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the business. Point72 Asia Hong Kong Ltd increased its position in Fairmount Santrol Holdings by 1,014.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 12,974 shares during the last quarter. Principal Financial Group Inc. increased its position in Fairmount Santrol Holdings by 183.3% in the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 20,128 shares during the last quarter. BB&T Securities LLC increased its holdings in shares of 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 acquiring an additional 23,200 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Fairmount Santrol Holdings during the 2nd quarter valued at about $140,000. Finally, White Pine Capital LLC acquired a new position in shares of Fairmount Santrol Holdings during the 2nd quarter valued at about $140,000. 83.86% of the stock is currently owned by 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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