Cowen and Company set a $6.00 target price on Fairmount Santrol Holdings Inc. (NYSE:FMSA) in a research note published on Friday. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also recently commented on FMSA. BidaskClub upgraded shares of Fairmount Santrol Holdings from a strong sell rating to a sell rating in a research note on Monday, July 31st. Janney Montgomery Scott assumed coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, June 15th. They issued a neutral rating and a $5.60 target price for the company. Jefferies Group LLC reiterated a buy rating and issued a $8.00 target price on shares of Fairmount Santrol Holdings in a research note on Monday, May 15th. Zacks Investment Research cut shares of Fairmount Santrol Holdings from a buy rating to a hold rating in a research note on Friday, April 21st. Finally, Royal Bank Of Canada reiterated a buy rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $7.31.

Fairmount Santrol Holdings (NYSE:FMSA) opened at 2.98 on Friday. The stock’s 50 day moving average is $3.55 and its 200 day moving average is $6.83. The stock’s market capitalization is $667.35 million. Fairmount Santrol Holdings has a 12-month low of $2.58 and a 12-month high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 28.04%. Fairmount Santrol Holdings’s revenue for the quarter was up 104.2% on a year-over-year basis. During the same period last year, the business earned ($0.54) EPS. Equities analysts anticipate that Fairmount Santrol Holdings will post $0.24 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of FMSA. UBS Asset Management Americas Inc. raised its position in Fairmount Santrol Holdings by 47.9% in the first quarter. UBS Asset Management Americas Inc. now owns 69,148 shares of the industrial products company’s stock worth $507,000 after buying an additional 22,409 shares in the last quarter. Bank of New York Mellon Corp raised its position in Fairmount Santrol Holdings by 1,028.8% in the first quarter. Bank of New York Mellon Corp now owns 8,723,582 shares of the industrial products company’s stock valued at $63,943,000 after buying an additional 7,950,771 shares during the period. Princeton Alpha Management LP purchased a new position in Fairmount Santrol Holdings during the first quarter valued at $141,000. Shaker Investments LLC OH purchased a new position in Fairmount Santrol Holdings during the first quarter valued at $374,000. Finally, Wells Fargo & Company MN raised its position in Fairmount Santrol Holdings by 31.4% in the first quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock valued at $1,981,000 after buying an additional 64,575 shares during the period. 85.06% of the stock is owned by 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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