Today, FMSA Holdings Inc. (FMSA) Rating Increased to Outperform at Credit Suisse Group AG

Today, FMSA Holdings Inc. (FMSA) Rating Increased to Outperform at Credit Suisse Group AG

FMSA Holdings Inc. (NYSE:FMSA) was upgraded by stock analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a report issued on Monday. The brokerage currently has a $11.00 price target on the stock, up from their prior price target of $7.00. Credit Suisse Group AG’s price target indicates a potential upside of 25.00% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Scotiabank reaffirmed a “sector outperform” rating and issued a $15.00 price target (up previously from $10.00) on shares of FMSA Holdings in a report on Saturday, October 22nd. Howard Weil upped their price target on FMSA Holdings from $10.00 to $15.00 and gave the company a “sector outperform” rating in a report on Thursday, October 20th. Jefferies Group reaffirmed a “hold” rating and issued a $10.00 price target on shares of FMSA Holdings in a report on Wednesday, October 19th. Citigroup Inc. upped their price target on FMSA Holdings from $9.50 to $12.25 and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, Johnson Rice assumed coverage on FMSA Holdings in a report on Monday, October 10th. They issued an “accumulate” rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.01.

FMSA Holdings (NYSE:FMSA) opened at 8.80 on Monday. FMSA Holdings has a 12 month low of $1.00 and a 12 month high of $9.90. The stock’s market capitalization is $1.96 billion. The company has a 50 day moving average price of $8.84 and a 200 day moving average price of $7.49.

FMSA Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarterly revenue was down 21.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. Equities research analysts predict that FMSA Holdings will post ($0.34) earnings per share for the current year.

Large investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares in the last quarter. MAI Capital Management raised its position in 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 in the last quarter. UBS Asset Management Americas Inc. raised its position in 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 in the last quarter. Strs Ohio raised its position in 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 in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in FMSA Holdings by 4.3% in the third quarter. TIAA CREF Investment Management LLC now owns 402,876 shares of the company’s stock worth $3,416,000 after buying an additional 16,629 shares in the last quarter. Hedge funds and other institutional investors own 13.93% of the company’s stock.

FMSA Holdings Company Profile

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