Why Has DA Davidson Given U.S. Silica (NYSE:SLCA) a $32.0 Price Target
In an analyst note released today, DA Davidson analysts have commenced coverage U.S. Silica (NYSE:SLCA) coverage with Buy rating, and a $32.0 TP.
From a total of 11 analysts covering U.S. Silica (NYSE:SLCA) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is $41 while the lowest target price is $12.5. The mean of all analyst targets is $22.05 with a -0.71% below today’s ($21.03) stock price. U.S. Silica was the topic of 15 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 29 with “Sector Perform” rating. SunTrust downgraded shares to “Neutral” rating and $20 target share price in a report from an August 24. Guggenheim upgraded SLCA stock in a recent report from October 28 to “Buy” rating. Finally, Jefferies downgraded the stock to “Underperform” rating in a report issued on a September 11.
The stock increased 0.05% or $0.01 on December 7, striking $21.03. Approximately 1 shares of stock traded hands. U.S. Silica Holdings Inc (NYSE:SLCA) has declined 44.02% since May 4, 2015 and is downtrending. It has underperformed by 42.94% the S&P500.
U.S. Silica Holdings, Inc. is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The company has a market cap of $1.12 billion. The Firm operates in two divisions: Oil & Gas Proppants and Industrial & Specialty Products. It has 18.88 P/E ratio. In the Oil & Gas Proppants segment, the Company serves the gas and oil recovery market providing fracturing sand, or frac sand.
According to Zacks Investment Research, “U.S. Silica Holdings, Inc. is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay. The company also operates as a research and development specialist for customized products and solutions. The industries and applications served by U.S. Silica includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis. U.S. Silica Holdings, Inc. is headquartered in Frederick, Maryland.” Get a free copy of the Zacks research report on U.S. Silica Holdings Inc (SLCA).