Fairmount Santrol (NYSE:FMSA)‘s stock had its “buy” rating reissued by investment analysts at Cowen in a research report issued on Friday. They presently have a $6.00 target price on the industrial products company’s stock. Cowen’s target price would suggest a potential upside of 38.57% from the company’s current price.

Other research analysts also recently issued reports about the company. TheStreet raised Fairmount Santrol from a “d+” rating to a “c-” rating in a research report on Tuesday, November 21st. B. Riley reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Fairmount Santrol in a research report on Wednesday, December 6th. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Fairmount Santrol in a research report on Friday, January 12th. Credit Suisse Group dropped their price target on Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Barclays lifted their price target on Fairmount Santrol from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.95.

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Fairmount Santrol (FMSA) opened at $4.33 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $1,000.00, a P/E ratio of 18.04 and a beta of 2.19. Fairmount Santrol has a one year low of $2.46 and a one year high of $8.20.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). The business had revenue of $273.90 million during the quarter, compared to the consensus estimate of $279.50 million. Fairmount Santrol had a return on equity of 21.36% and a net margin of 5.60%. The business’s quarterly revenue was up 94.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) earnings per share. research analysts predict that Fairmount Santrol will post 0.54 earnings per share for the current fiscal year.

In related news, insider Jenniffer D. Deckard sold 6,450 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $4.46, for a total value of $28,767.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gerald L. Clancey sold 10,477 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.49, for a total value of $47,041.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,626 shares of company stock worth $128,051. 9.80% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in Fairmount Santrol by 96.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock valued at $6,762,000 after buying an additional 692,814 shares in the last quarter. Boston Partners acquired a new stake in Fairmount Santrol in the 3rd quarter valued at $3,879,000. The Manufacturers Life Insurance Company boosted its stake in Fairmount Santrol by 68.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock valued at $484,000 after buying an additional 50,298 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Fairmount Santrol by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 634,392 shares of the industrial products company’s stock valued at $3,033,000 after buying an additional 32,017 shares in the last quarter. Finally, Ninepoint Partners LP acquired a new stake in Fairmount Santrol in the 3rd quarter valued at $1,864,000. 74.84% of the stock is currently owned by institutional investors and hedge funds.

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Fairmount Santrol 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 (NYSE:FMSA)

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