Zacks Investment Research Downgrades Fibria Celulose S.A. (FBR) to Hold

Fibria Celulose S.A. (NYSE:FBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Fibria Celulose S.A., is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantations, which is mainly targeted to the main consumer markets and is also used for their own manufacturing of paper products. The Company’s paper products can be divided into three major categories: uncoated and coated printing and writing papers; carbonless papers and thermal papers. Coated printing and writing paper is used for promotional materials, folders, internal sheets and cover of magazines, books, tabloids, inserts and mailing. Uncoated printing and writing paper is used in reels, sheets and cut-size designed for maximum performance in photocopying machines and laser and inkjet printers, and alkaline offset paper. Carbonless paper is used in producing multi-copy forms for credit card receipts, invoices and other applications. Thermal paper is used in fax machines, supermarket receipts, bar code labels, toll tickets and receipts for automated teller machines. “

A number of other research analysts have also recently issued reports on FBR. J P Morgan Chase & Co upgraded Fibria Celulose from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $13.50 in a research report on Wednesday, June 14th. BidaskClub cut Fibria Celulose from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. TheStreet cut Fibria Celulose from a “c” rating to a “d+” rating in a research report on Wednesday, July 26th. Finally, Citigroup Inc. upgraded Fibria Celulose from a “neutral” rating to a “buy” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $13.75.

Shares of Fibria Celulose (NYSE:FBR) traded up 1.95% on Tuesday, reaching $15.20. The firm’s 50-day moving average is $13.43 and its 200 day moving average is $11.03. Fibria Celulose has a 12 month low of $7.12 and a 12 month high of $15.23. The firm’s market cap is $8.41 billion.

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A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in Fibria Celulose by 1.3% in the first quarter. Comerica Bank now owns 31,760 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 413 shares during the last quarter. Aperio Group LLC grew its position in Fibria Celulose by 3.9% in the second quarter. Aperio Group LLC now owns 47,876 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 1,805 shares during the last quarter. Virtu KCG Holdings LLC grew its position in Fibria Celulose by 20.0% in the second quarter. Virtu KCG Holdings LLC now owns 41,381 shares of the basic materials company’s stock valued at $420,000 after acquiring an additional 6,904 shares during the last quarter. Lazard Asset Management LLC grew its position in Fibria Celulose by 22.6% in the second quarter. Lazard Asset Management LLC now owns 37,893 shares of the basic materials company’s stock valued at $384,000 after acquiring an additio

According to Zacks, “Fibria Celulose S.A., is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantations, which is mainly targeted to the main consumer markets and is also used for their own manufacturing of paper products. The Company’s paper products can be divided into three major categories: uncoated and coated printing and writing papers; carbonless papers and thermal papers. Coated printing and writing paper is used for promotional materials, folders, internal sheets and cover of magazines, books, tabloids, inserts and mailing. Uncoated printing and writing paper is used in reels, sheets and cut-size designed for maximum performance in photocopying machines and laser and inkjet printers, and alkaline offset paper. Carbonless paper is used in producing multi-copy forms for credit card receipts, invoices and other applications. Thermal paper is used in fax machines, supermarket receipts, bar code labels, toll tickets and receipts for automated teller machines. “

A number of other research analysts have also recently issued reports on FBR. J P Morgan Chase & Co upgraded Fibria Celulose from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $13.50 in a research report on Wednesday, June 14th. BidaskClub cut Fibria Celulose from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. TheStreet cut Fibria Celulose from a “c” rating to a “d+” rating in a research report on Wednesday, July 26th. Finally, Citigroup Inc. upgraded Fibria Celulose from a “neutral” rating to a “buy” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $13.75.

Shares of Fibria Celulose (NYSE:FBR) traded up 1.95% on Tuesday, reaching $15.20. The firm’s 50-day moving average is $13.43 and its 200 day moving average is $11.03. Fibria Celulose has a 12 month low of $7.12 and a 12 month high of $15.23. The firm’s market cap is $8.41 billion.

COPYRIGHT VIOLATION WARNING: This news story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/11/zacks-investment-research-downgrades-fibria-celulose-s-a-fbr-to-hold.html.

A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in Fibria Celulose by 1.3% in the first quarter. Comerica Bank now owns 31,760 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 413 shares during the last quarter. Aperio Group LLC grew its position in Fibria Celulose by 3.9% in the second quarter. Aperio Group LLC now owns 47,876 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 1,805 shares during the last quarter. Virtu KCG Holdings LLC grew its position in Fibria Celulose by 20.0% in the second quarter. Virtu KCG Holdings LLC now owns 41,381 shares of the basic materials company’s stock valued at $420,000 after acquiring an additional 6,904 shares during the last quarter. Lazard Asset Management LLC grew its position in Fibria Celulose by 22.6% in the second quarter. Lazard Asset Management LLC now owns 37,893 shares of the basic materials company’s stock valued at $384,000 after acquiring an additional 6,973 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Fibria Celulose by 82.5% in the second quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock valued at $196,000 after acquiring an additional 8,743 shares during the last quarter. Hedge funds and other institutional investors own 7.11% of the company’s stock.

About Fibria Celulose

Fibria Celulose SA (Fibria) is a forestry company, which is engaged in the production of eucalyptus pulp. The Company is engaged in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz (State of Espirito Santo), Tres Lagoas (State of Mato Grosso do Sul), Jacarei (State of Sao Paulo) and Eunapolis (State of Bahia).

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