Fairmount Santrol Holdings Inc. (NYSE:FMSA) had its price target decreased by Jefferies Group LLC from $8.00 to $5.00 in a research report released on Monday morning. Jefferies Group LLC currently has a buy rating on the industrial products company’s stock.

A number of other research firms also recently commented on FMSA. Scotiabank downgraded shares of Fairmount Santrol Holdings from a focus stock rating to an outperform rating and cut their target price for the stock from $13.00 to $6.00 in a research report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a buy rating on shares of Fairmount Santrol Holdings in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) downgraded shares of Fairmount Santrol Holdings from a neutral rating to a sell rating and cut their target price for the stock from $11.00 to $2.00 in a research report on Thursday, July 20th. Howard Weil reaffirmed a sector outperform rating on shares of Fairmount Santrol Holdings in a research report on Wednesday, June 28th. Finally, Johnson Rice downgraded shares of Fairmount Santrol Holdings from a buy rating to an accumulate rating and cut their target price for the stock from $10.00 to $6.00 in a research report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $6.94.

Shares of Fairmount Santrol Holdings (NYSE FMSA) opened at 2.67 on Monday. The stock has a 50 day moving average price of $2.94 and a 200-day moving average price of $5.68. Fairmount Santrol Holdings has a 52-week low of $2.46 and a 52-week high of $13.12. The firm’s market capitalization is $598.29 million.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. The business had revenue of $233.20 million during the quarter, compared to the consensus estimate of $231.16 million. During the same quarter in the previous year, the firm posted ($0.54) EPS. The firm’s revenue was up 104.2% on a year-over-year basis. Equities analysts forecast that Fairmount Santrol Holdings will post $0.28 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/29/fairmount-santrol-holdings-inc-fmsa-given-new-5-00-price-target-at-jefferies-group-llc.html.

Several large investors have recently modified their holdings of FMSA. Exane Derivatives acquired a new stake in shares of Fairmount Santrol Holdings during the first quarter worth about $213,000. Vanguard Group Inc. increased its stake in shares of Fairmount Santrol Holdings by 3.2% in the first quarter. Vanguard Group Inc. now owns 12,132,400 shares of the industrial products company’s stock worth $88,930,000 after buying an additional 370,651 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Fairmount Santrol Holdings by 1,333.9% in the first quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock worth $3,251,000 after buying an additional 412,604 shares during the last quarter. Clinton Group Inc. acquired a new stake in shares of Fairmount Santrol Holdings during the first quarter worth about $132,000. Finally, Wells Fargo & Company MN increased its stake in shares of Fairmount Santrol Holdings by 31.4% in the first quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock worth $1,981,000 after buying an additional 64,575 shares during the last quarter. 84.20% of the stock is owned by hedge funds and other institutional investors.

About Fairmount Santrol Holdings

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.