Credit Suisse Group AG Initiates Coverage on Smart Sand Inc (SND)
Investment analysts at Credit Suisse Group AG started coverage on shares of Smart Sand Inc (NYSE:SND) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a $14.00 price target on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 2.41% from the company’s previous close.
A number of other research firms have also recently issued reports on SND. Goldman Sachs Group Inc. initiated coverage on Smart Sand in a research report on Tuesday. They issued a “buy” rating and a $17.00 target price on the stock. Piper Jaffray Cos. initiated coverage on Smart Sand in a research report on Tuesday. They issued an “overweight” rating and a $13.25 target price on the stock.
Shares of Smart Sand (NYSE:SND) opened at 13.67 on Tuesday. Smart Sand has a 52 week low of $10.30 and a 52 week high of $12.89. The stock has a 50 day moving average price of $11.43 and a 200-day moving average price of $11.43. The company has a market capitalization of $303.05 million and a PE ratio of 158.95.
In other news, VP Robert Kiszka sold 16,124 shares of Smart Sand stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $11.00, for a total transaction of $177,364.00. Following the sale, the vice president now directly owns 22,484 shares of the company’s stock, valued at $247,324. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew R. Speaker sold 35,258 shares of Smart Sand stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $11.00, for a total value of $387,838.00. Following the sale, the insider now directly owns 855,742 shares in the company, valued at $9,413,162. The disclosure for this sale can be found here.
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