Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) have been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $5.54.

A number of equities analysts have commented on FMSA shares. Cowen and Company set a $6.00 target price on shares of Fairmount Santrol Holdings and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Jefferies Group LLC dropped their target price on shares of Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. Piper Jaffray Companies restated a “buy” rating and issued a $4.50 target price on shares of Fairmount Santrol Holdings in a research note on Monday, August 7th. Citigroup Inc. upped their target price on shares of Fairmount Santrol Holdings from $4.25 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, BidaskClub upgraded shares of Fairmount Santrol Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th.

Shares of Fairmount Santrol Holdings (FMSA) traded up $0.30 during mid-day trading on Thursday, reaching $5.26. 4,185,100 shares of the company’s stock were exchanged, compared to its average volume of 5,987,328. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. The company has a market cap of $1,180.00, a P/E ratio of 124.00 and a beta of 2.06. Fairmount Santrol Holdings has a twelve month low of $2.46 and a twelve month high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $280.05 million for the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol Holdings had a net margin of 1.69% and a return on equity of 4.05%. The company’s revenue for the quarter was up 107.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. analysts expect that Fairmount Santrol Holdings will post 0.28 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Hartland & Co. LLC lifted its position in shares of Fairmount Santrol Holdings by 6.5% in the 3rd quarter. Hartland & Co. LLC now owns 14,428,795 shares of the industrial products company’s stock worth $68,970,000 after purchasing an additional 875,446 shares during the period. Vanguard Group Inc. lifted its position in shares of Fairmount Santrol Holdings by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 12,863,759 shares of the industrial products company’s stock worth $50,169,000 after purchasing an additional 731,359 shares during the period. ING Groep NV purchased a new stake in shares of Fairmount Santrol Holdings in the 3rd quarter worth approximately $24,846,000. Elliott Management Corp purchased a new stake in shares of Fairmount Santrol Holdings in the 2nd quarter worth approximately $18,720,000. Finally, State Street Corp lifted its position in shares of Fairmount Santrol Holdings by 50.9% in the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after purchasing an additional 1,540,859 shares during the period. 84.07% 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)

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