Barclays PLC Analysts Give Fairmount Santrol Holdings Inc (FMSA) a $10.00 Price Target

Barclays PLC set a $10.00 price target on Fairmount Santrol Holdings Inc (NASDAQ:FMSA) in a report issued on Tuesday. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC raised shares of Fairmount Santrol Holdings from a hold rating to a buy rating and decreased their target price for the company from $12.00 to $10.00 in a research note on Friday, March 10th. Citigroup Inc reaffirmed a buy rating on shares of Fairmount Santrol Holdings in a research note on Tuesday, March 14th. Howard Weil raised shares of 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 note on Thursday, December 15th. Cowen and Company reaffirmed an outperform rating and set a $16.00 target price on shares of Fairmount Santrol Holdings in a research note on Saturday, March 11th. Finally, Zacks Investment Research raised shares of Fairmount Santrol Holdings from a hold rating to a strong-buy rating and set a $14.00 target price for the company in a research note on Monday, January 23rd. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $13.57.

Fairmount Santrol Holdings (NASDAQ:FMSA) traded down 1.91% during midday trading on Tuesday, hitting $7.18. 934,628 shares of the company were exchanged. Fairmount Santrol Holdings has a 1-year low of $2.33 and a 1-year high of $13.12. The stock’s market capitalization is $1.61 billion. The stock has a 50 day moving average of $10.53 and a 200-day moving average of $9.66.

Fairmount Santrol Holdings (NASDAQ:FMSA) last announced its earnings results on Thursday, March 9th. The company reported ($0.09) earnings per share for the quarter, meeting the Zacks’ 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 period in the prior year, the business posted ($0.56) EPS. Fairmount Santrol Holdings’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts expect that Fairmount Santrol Holdings will post $0.13 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the stock. Castleark Management LLC boosted its stake in 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 stake in Fairmount Santrol Holdings during the fourth quarter worth approximately $1,590,000. AQR Capital Management LLC boosted its stake in 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 stake in 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 stake in 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.

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