Are Analysts Changing their Recommendations on FMSA?



Wall Street’s recommendations on FMSA

In this article, we’ll look at the changes in Wall Street analysts’ recommendations for Fairmount Santrol Holdings (FMSA) in 2016.

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Are analysts changing their recommendations?

There have been at least nine broker rating changes for FMSA in 2016. Credit Suisse (CS), a financial service provider based in Zurich, upgraded its rating for FMSA to “outperform” on November 7, 2016. Piper Jaffray (PJC), an investment bank and asset management company, upgraded FMSA’s rating to “overweight” in July 2016.

D.A. Davidson & Co., an independent financial service provider, downgraded FMSA’s rating to “underperform” in June 2016. In comparison, there have been at least six broker rating changes for Baker Hughes (BHI) in 2016. FMSA makes up 0.43% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES).

Analysts’ target prices for FMSA

The highest target price for FMSA is $15, and the lowest is $3.0. The median target price for FMSA, surveyed among sell-side analysts, is $10.57. FMSA is currently trading at ~$9.27, implying a ~14% upside at its median price.

Read more on the oilfield services industry in The Oilfield Equipment and Services Industry: A Primer.


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