FMSA Holdings Inc. (FMSA) Price Target Increased to $12.25 by Analysts at Citigroup Inc.
FMSA Holdings Inc. (NYSE:FMSA) had its price target increased by Citigroup Inc. from $9.50 to $12.25 in a research report sent to investors on Tuesday morning. Citigroup Inc. currently has a buy rating on the stock.
Several other research analysts have also recently commented on the company. DA Davidson cut FMSA Holdings from a buy rating to an underperform rating and set a $5.00 price target on the stock. in a research note on Monday, June 13th. Wells Fargo & Co. upgraded FMSA Holdings from a market perform rating to an outperform rating in a research note on Monday, July 18th. Barclays PLC started coverage on FMSA Holdings in a research note on Wednesday, August 10th. They issued an equal weight rating and a $9.00 price target on the stock. Zacks Investment Research cut FMSA Holdings from a strong-buy rating to a hold rating in a research note on Thursday, July 14th. Finally, Jefferies Group reiterated a hold rating and issued a $8.00 price target (up previously from $4.00) on shares of FMSA Holdings in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $7.35.
Shares of FMSA Holdings (NYSE:FMSA) traded down 2.310% on Tuesday, hitting $9.515. The company’s stock had a trading volume of 1,232,460 shares. FMSA Holdings has a 1-year low of $1.00 and a 1-year high of $9.86. The firm’s market cap is $1.82 billion. The company has a 50 day moving average of $7.78 and a 200 day moving average of $6.19.
FMSA Holdings (NYSE:FMSA) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.41. The business earned $114.20 million during the quarter, compared to the consensus estimate of $129.35 million. FMSA Holdings’s quarterly revenue was down 48.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. Equities analysts forecast that FMSA Holdings will post ($0.42) EPS for the current year.
In other FMSA Holdings news, Director Charles D. Fowler acquired 1,666,666 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was acquired at an average cost of $5.95 per share, with a total value of $9,916,662.70. Following the acquisition, the director now directly owns 1,705,132 shares of the company’s stock, valued at approximately $10,145,535.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Systematic Financial Management LP acquired a new position in shares of FMSA Holdings during the second quarter worth about $1,498,000. State Street Corp raised its position in shares of FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock worth $2,194,000 after buying an additional 11,165 shares during the period. California State Teachers Retirement System raised its position in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of FMSA Holdings during the second quarter worth about $1,026,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of FMSA Holdings by 2.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,498,524 shares of the company’s stock worth $19,263,000 after buying an additional 56,680 shares during the period. 14.36% of the stock is owned by institutional investors and hedge funds.
FMSA 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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