Jefferies Group Reiterates “Hold” Rating for FMSA Holdings Inc. (FMSA)
FMSA Holdings Inc. (NYSE:FMSA)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research note issued on Wednesday.
Several other analysts also recently weighed in on FMSA. Citigroup Inc. lifted their price target on shares of FMSA Holdings from $9.50 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, July 19th. Scotiabank reaffirmed a “sector outperform” rating and set a $15.00 price target (up previously from $10.00) on shares of FMSA Holdings in a research note on Saturday, October 22nd. Simmons raised shares of FMSA Holdings to a “buy” rating and set a $8.00 price target for the company in a research note on Thursday, July 21st. DA Davidson reaffirmed a “sell” rating and set a $3.00 price target on shares of FMSA Holdings in a research note on Thursday, November 10th. Finally, Barclays PLC started coverage on shares of FMSA Holdings in a research note on Wednesday, August 10th. They set an “equal weight” rating and a $9.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.01.
Shares of FMSA Holdings (NYSE:FMSA) opened at 8.49 on Wednesday. The stock’s market capitalization is $1.89 billion. The firm’s 50-day moving average price is $8.80 and its 200 day moving average price is $7.27. FMSA Holdings has a 52 week low of $1.00 and a 52 week high of $9.90.
FMSA Holdings (NYSE:FMSA) last announced its earnings results on Thursday, November 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. The business had revenue of $134.80 million for the quarter, compared to analysts’ expectations of $132.51 million. During the same quarter last year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was down 21.2% on a year-over-year basis. Analysts expect that FMSA Holdings will post ($0.35) earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Strs Ohio raised its stake in shares of 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. UBS Asset Management Americas Inc. raised its stake in shares of 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. MAI Capital Management raised its stake in shares of FMSA Holdings by 24.7% in the third quarter. MAI Capital Management now owns 40,362 shares of the company’s stock worth $342,000 after buying an additional 8,000 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in shares of FMSA Holdings during the second quarter worth $434,000. Finally, Moore Capital Management LP bought a new stake in shares of FMSA Holdings during the third quarter worth $848,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.
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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