Fairmount Santrol (NYSE:FMSA) had its target price lowered by Credit Suisse Group from $6.00 to $5.00 in a research report sent to investors on Friday morning. Credit Suisse Group currently has a neutral rating on the industrial products company’s stock.
Other research analysts have also issued research reports about the company. Seaport Global Securities initiated coverage on Fairmount Santrol in a report on Friday, December 8th. They issued a buy rating and a $8.00 price objective on the stock. Piper Jaffray Companies set a $6.00 price objective on Fairmount Santrol and gave the company a buy rating in a report on Monday, January 1st. Royal Bank of Canada set a $7.00 price objective on Fairmount Santrol and gave the company a buy rating in a report on Thursday, December 21st. Guggenheim upgraded Fairmount Santrol from a neutral rating to a buy rating and set a $7.00 price objective on the stock in a report on Monday, December 18th. Finally, Cowen set a $6.00 price objective on Fairmount Santrol and gave the company a buy rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $5.95.
Fairmount Santrol (NYSE:FMSA) opened at $4.35 on Friday. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $7.73. The stock has a market capitalization of $971.42, a P/E ratio of 18.13 and a beta of 2.20. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.11 and a current ratio of 2.52.
In other Fairmount Santrol news, insider Jenniffer D. Deckard sold 6,450 shares of the firm’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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gerald L. Clancey sold 10,477 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was 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. Insiders sold a total of 28,626 shares of company stock valued at $128,051 over the last ninety days. Corporate insiders own 9.80% of the company’s stock.
Several large investors have recently modified their holdings of FMSA. Millennium Management LLC increased its position in shares of Fairmount Santrol by 158.4% during the 4th quarter. Millennium Management LLC now owns 10,112,026 shares of the industrial products company’s stock worth $52,886,000 after purchasing an additional 6,198,262 shares during the last quarter. ING Groep NV acquired a new stake in shares of Fairmount Santrol during the 3rd quarter worth about $24,846,000. SailingStone Capital Partners LLC acquired a new stake in shares of Fairmount Santrol during the 4th quarter worth about $24,371,000. Think Investments LP acquired a new stake in shares of Fairmount Santrol during the 3rd quarter worth about $17,643,000. Finally, State Street Corp increased its position in shares of Fairmount Santrol by 50.9% during 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 last quarter. 74.75% of the stock is owned by hedge funds and other institutional investors.
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.
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