Fairmount Santrol Holdings Inc. (FMSA) PT Set at $6.00 by Royal Bank Of Canada

Fairmount Santrol Holdings Inc. (NYSE:FMSA) has been given a $6.00 price objective by Royal Bank Of Canada in a note issued to investors on Sunday. The firm currently has a “buy” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 29.31% from the stock’s previous close.

A number of other brokerages have also issued reports on FMSA. BidaskClub raised Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Zacks Investment Research raised Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Wells Fargo & Company lowered Fairmount Santrol Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. KeyCorp reaffirmed an “overweight” rating and set a $6.50 price target on shares of Fairmount Santrol Holdings in a research note on Wednesday, October 4th. Finally, Goldman Sachs Group, Inc. (The) lowered Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and decreased their price target for the company from $11.00 to $2.00 in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.44.

Fairmount Santrol Holdings (NYSE FMSA) opened at $4.64 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.11 and a current ratio of 2.52. The stock has a market capitalization of $1,044.27, a price-to-earnings ratio of 116.50 and a beta of 2.06. Fairmount Santrol Holdings has a one year low of $2.46 and a one year high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $280.05 million during the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol Holdings had a return on equity of 4.05% and a net margin of 1.69%. The firm’s quarterly revenue was up 107.8% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. equities research analysts predict that Fairmount Santrol Holdings will post 0.27 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of FMSA. Dimensional Fund Advisors LP acquired a new stake in shares of Fairmount Santrol Holdings in the third quarter worth $101,000. Principal Financial Group Inc. boosted its position in shares of Fairmount Santrol Holdings by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after buying an additional 20,128 shares during the period. BB&T Securities LLC boosted its position in shares of Fairmount Santrol Holdings by 216.8% in the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after buying an additional 23,200 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Fairmount Santrol Holdings by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after buying an additional 12,400 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Fairmount Santrol Holdings in the second quarter worth $140,000. 83.17% of the stock is owned by institutional investors and hedge funds.

About Fairmount Santrol Holdings

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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