FMSA Holdings Inc. (NYSE:FMSA)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research report issued on Tuesday. They presently have a $8.50 price objective on the stock, down from their prior price objective of $10.00. Jefferies Group’s price objective points to a potential downside of 3.41% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Credit Suisse Group AG raised FMSA Holdings from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $7.00 to $11.00 in a research note on Monday, November 7th. Scotiabank reaffirmed a “sector outperform” rating and issued a $15.00 price objective (up from $10.00) on shares of FMSA Holdings in a research note on Saturday, October 22nd. Howard Weil raised their price objective on FMSA Holdings from $10.00 to $15.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 20th. Citigroup Inc. raised their price objective on FMSA Holdings from $9.50 to $12.25 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Johnson Rice assumed coverage on FMSA Holdings in a research note on Monday, October 10th. They issued an “accumulate” rating and a $11.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $9.01.
Shares of FMSA Holdings (NYSE:FMSA) traded down 4.24% during midday trading on Tuesday, reaching $8.80. The company had a trading volume of 1,077,138 shares. The stock’s market capitalization is $1.96 billion. The firm’s 50 day moving average price is $8.84 and its 200-day moving average price is $7.49. FMSA Holdings has a 1-year low of $1.00 and a 1-year high of $9.90.
FMSA Holdings (NYSE:FMSA) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The company earned $134.80 million during the quarter, compared to the consensus estimate of $132.51 million. FMSA Holdings’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. Equities research analysts expect that FMSA Holdings will post ($0.34) EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Strs Ohio raised its stake in shares of FMSA Holdings by 61.1% in the third quarter. Strs Ohio now owns 33,500 shares of the company’s stock worth $284,000 after buying an additional 12,700 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of FMSA Holdings by 43.6% in the third quarter. UBS Asset Management Americas Inc. now owns 34,600 shares of the company’s stock worth $293,000 after buying an additional 10,500 shares during the period. MAI Capital Management raised its stake in shares of FMSA Holdings by 24.7% in the third quarter. MAI Capital Management now owns 40,362 shares of the company’s stock worth $342,000 after buying an additional 8,000 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in shares of FMSA Holdings during the second quarter worth $434,000. Finally, Moore Capital Management LP purchased a new stake in shares of FMSA Holdings during the third quarter worth $848,000. 13.93% of the stock is owned by institutional investors and hedge funds.
About FMSA Holdings