Fairmount Santrol Holdings Inc. (NYSE:FMSA) was downgraded by equities research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report issued on Thursday, MarketBeat reports. They currently have a $4.00 price objective on the industrial products company’s stock, down from their previous price objective of $12.00. Credit Suisse Group’s price target suggests a potential upside of 28.62% from the stock’s previous close.

Several other research firms have also issued reports on FMSA. Jefferies Group LLC restated a “buy” rating and issued a $10.00 price objective on shares of Fairmount Santrol Holdings in a research note on Tuesday, April 11th. Barclays PLC set a $9.00 price objective on Fairmount Santrol Holdings and gave the company a “buy” rating in a research note on Saturday, March 25th. Guggenheim restated a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Monday, March 27th. Scotiabank restated a “buy” rating and issued a $13.00 price objective on shares of Fairmount Santrol Holdings in a research note on Thursday, March 23rd. Finally, Zacks Investment Research lowered Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.40.

Fairmount Santrol Holdings (NYSE FMSA) opened at 3.11 on Thursday. The company’s market capitalization is $696.46 million. The company has a 50 day moving average price of $3.94 and a 200-day moving average price of $7.39. Fairmount Santrol Holdings has a 52 week low of $2.97 and a 52 week high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, May 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.01. Fairmount Santrol Holdings had a negative return on equity of 91.27% and a negative net margin of 24.91%. The company had revenue of $172.60 million for the quarter, compared to the consensus estimate of $169.50 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The business’s revenue was up 18.6% on a year-over-year basis. On average, equities analysts anticipate that Fairmount Santrol Holdings will post $0.22 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/07/22/credit-suisse-group-downgrades-fairmount-santrol-holdings-inc-nysefmsa-to-neutral.html.

In other Fairmount Santrol Holdings news, CFO Michael F. Biehl sold 14,050 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $4.79, for a total value of $67,299.50. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 16.20% of the company’s stock.

Several large investors have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Fairmount Santrol Holdings by 34.2% in the fourth quarter. State Street Corp now owns 2,758,795 shares of the industrial products company’s stock worth $32,531,000 after buying an additional 702,301 shares in the last quarter. Exane Derivatives purchased a new position in shares of Fairmount Santrol Holdings during the first quarter worth approximately $213,000. AQR Capital Management LLC boosted its position in shares of Fairmount Santrol Holdings by 84.0% in the fourth quarter. AQR Capital Management LLC now owns 119,958 shares of the industrial products company’s stock worth $1,414,000 after buying an additional 54,748 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Fairmount Santrol Holdings by 161.4% in the fourth quarter. Guggenheim Capital LLC now owns 169,552 shares of the industrial products company’s stock worth $1,999,000 after buying an additional 104,695 shares during the last quarter. Finally, FMR LLC purchased a new position in shares of Fairmount Santrol Holdings during the fourth quarter worth approximately $14,216,000. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

Fairmount Santrol Holdings Company Profile

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)

Receive News & Stock Ratings for Fairmount Santrol Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc. and related stocks with our FREE daily email newsletter.