Fairmount Santrol (NYSE:FMSA) has been given a $6.00 target price by equities research analysts at Cowen in a research report issued on Thursday. The firm presently has a “buy” rating on the industrial products company’s stock. Cowen’s price objective would suggest a potential downside of 0.83% from the stock’s previous close.

A number of other research analysts have also issued reports on FMSA. Citigroup lifted their target price on Fairmount Santrol from $4.25 to $6.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Royal Bank of Canada set a $6.00 target price on Fairmount Santrol and gave the stock a “buy” rating in a report on Sunday, November 12th. BidaskClub raised Fairmount Santrol from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Seaport Global Securities began coverage on Fairmount Santrol in a report on Friday, December 8th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Guggenheim raised Fairmount Santrol from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Fairmount Santrol presently has an average rating of “Hold” and a consensus price target of $5.95.

Shares of Fairmount Santrol (FMSA) traded up $0.02 on Thursday, hitting $6.05. The stock had a trading volume of 3,344,600 shares, compared to its average volume of 3,910,000. The firm has a market capitalization of $1,360.00, a price-to-earnings ratio of 121.00 and a beta of 2.11. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. Fairmount Santrol has a 52 week low of $2.46 and a 52 week high of $13.12.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The company’s quarterly revenue was up 107.8% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. research analysts expect that Fairmount Santrol will post 0.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP increased its stake in Fairmount Santrol by 92.3% in the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 10,726 shares in the last quarter. WealthTrust Fairport LLC increased its stake in Fairmount Santrol by 72.5% in the 3rd quarter. WealthTrust Fairport LLC now owns 44,072 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 18,518 shares in the last quarter. Think Investments LP purchased a new position in Fairmount Santrol in the 3rd quarter worth about $17,643,000. Jane Street Group LLC increased its stake in Fairmount Santrol by 75.9% in the 3rd quarter. Jane Street Group LLC now owns 164,152 shares of the industrial products company’s stock worth $785,000 after purchasing an additional 70,853 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Fairmount Santrol in the 3rd quarter worth about $101,000. 75.29% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/15/cowen-analysts-give-fairmount-santrol-fmsa-a-6-00-price-target.html.

About Fairmount Santrol

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 (NYSE:FMSA)

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