Fairmount Santrol (FMSA) Given a $6.00 Price Target by Cowen Analysts
A number of other research analysts have also commented on the stock. Credit Suisse Group lifted their price objective on shares of Fairmount Santrol from $4.00 to $5.00 and gave the company a neutral rating in a research note on Friday, November 3rd. Guggenheim upgraded shares of Fairmount Santrol from a neutral rating to a buy rating and set a $7.00 price objective on the stock in a research note on Monday, December 18th. Royal Bank of Canada set a $6.00 price objective on shares of Fairmount Santrol and gave the company a buy rating in a research note on Sunday, November 12th. Zacks Investment Research lowered shares of Fairmount Santrol from a hold rating to a sell rating in a research note on Monday, October 30th. Finally, Citigroup lifted their price objective on shares of Fairmount Santrol from $4.25 to $6.00 and gave the company a buy rating in a research note on Thursday, October 5th. Two 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’s stock. The stock currently has an average rating of Hold and an average target price of $5.95.
Fairmount Santrol (FMSA) traded up $0.02 during midday trading on Thursday, reaching $6.05. 3,344,600 shares of the company’s stock were exchanged, compared to its average volume of 3,910,000. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $1,360.00, a price-to-earnings ratio of 121.00 and a beta of 2.11. Fairmount Santrol has a one year low of $2.46 and a one year high of $13.12.
Several large investors have recently modified their holdings of FMSA. ING Groep NV purchased a new stake in shares of Fairmount Santrol in the third quarter valued at about $24,846,000. Elliott Management Corp purchased a new stake in Fairmount Santrol during the second quarter worth about $18,720,000. Think Investments LP purchased a new stake in Fairmount Santrol during the third quarter worth about $17,643,000. State Street Corp boosted its holdings in Fairmount Santrol by 50.9% during the second quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after buying an additional 1,540,859 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in Fairmount Santrol during the second quarter worth about $5,690,000. 75.29% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This news story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://theolympiareport.com/2018/01/15/fairmount-santrol-fmsa-given-a-6-00-price-target-by-cowen-analysts.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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.