FMSA Holdings Inc. (FMSA) Stock Rating Reaffirmed by DA Davidson
FMSA Holdings Inc. (NYSE:FMSA)‘s stock had its “sell” rating restated by equities researchers at DA Davidson in a research note issued on Thursday. They presently have a $3.00 price objective on the stock. DA Davidson’s price objective suggests a potential downside of 63.86% from the stock’s current price.
Several other research firms have also commented on FMSA. Barclays PLC started coverage on FMSA Holdings in a research report on Wednesday, August 10th. They set an “equal weight” rating and a $9.00 price target for the company. Credit Suisse Group AG upgraded FMSA Holdings from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $7.00 to $11.00 in a research report on Monday, November 7th. Zacks Investment Research upgraded FMSA Holdings from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, October 5th. Jefferies Group restated a “hold” rating and set a $10.00 price target on shares of FMSA Holdings in a research report on Wednesday, October 19th. Finally, Citigroup Inc. raised their price target on FMSA Holdings from $9.50 to $12.25 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. FMSA Holdings has a consensus rating of “Buy” and a consensus price target of $9.01.
FMSA Holdings (NYSE:FMSA) opened at 8.30 on Thursday. The firm’s market capitalization is $1.85 billion. The company’s 50-day moving average price is $8.65 and its 200 day moving average price is $7.14. FMSA Holdings has a 12 month low of $1.00 and a 12 month high of $9.90.
FMSA Holdings (NYSE:FMSA) last posted its earnings results on Thursday, November 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The business had revenue of $134.80 million for the quarter, compared to analyst estimates of $132.51 million. FMSA Holdings’s revenue was down 21.2% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS. Analysts predict that FMSA Holdings will post ($0.35) EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in FMSA Holdings by 19.5% in the third quarter. California State Teachers Retirement System now owns 164,986 shares of the company’s stock worth $1,399,000 after buying an additional 26,900 shares during the period. TIAA CREF Investment Management LLC boosted its stake in FMSA Holdings by 4.3% in the third quarter. TIAA CREF Investment Management LLC now owns 402,876 shares of the company’s stock worth $3,416,000 after buying an additional 16,629 shares during the period. Teachers Advisors LLC boosted its stake in FMSA Holdings by 37.1% in the third quarter. Teachers Advisors LLC now owns 144,652 shares of the company’s stock worth $1,227,000 after buying an additional 39,123 shares during the period. UBS Asset Management Americas Inc. boosted its stake in FMSA Holdings by 43.6% in the third quarter. UBS Asset Management Americas Inc. now owns 34,600 shares of the company’s stock worth $293,000 after buying an additional 10,500 shares during the period. Finally, Strs Ohio boosted its stake in FMSA Holdings by 61.1% in the third quarter. Strs Ohio now owns 33,500 shares of the company’s stock worth $284,000 after buying an additional 12,700 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.
About FMSA Holdings
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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