Fibria Celulose (NYSE:FBR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, January 3rd.
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. “
Several other equities analysts also recently commented on FBR. Goldman Sachs Group reissued a “neutral” rating and set a $15.00 target price on shares of Fibria Celulose in a research report on Monday, October 23rd. Santander downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Credit Suisse Group reissued a “neutral” rating on shares of Fibria Celulose in a research report on Friday, December 1st. Finally, ValuEngine raised shares of Fibria Celulose from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Fibria Celulose presently has an average rating of “Buy” and a consensus price target of $14.17.
Fibria Celulose (NYSE:FBR) traded up $0.13 during midday trading on Wednesday, hitting $15.45. 517,200 shares of the stock were exchanged, compared to its average volume of 990,150. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.96 and a quick ratio of 1.55. The firm has a market capitalization of $8,810.00, a P/E ratio of 38.63 and a beta of -0.11. Fibria Celulose has a 1-year low of $7.98 and a 1-year high of $17.21.
Large investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of Fibria Celulose in the third quarter valued at about $136,000. Quantbot Technologies LP bought a new stake in shares of Fibria Celulose in the second quarter valued at about $115,000. First Trust Advisors LP bought a new stake in shares of Fibria Celulose in the third quarter valued at about $213,000. Cubist Systematic Strategies LLC bought a new stake in shares of Fibria Celulose in the second quarter valued at about $166,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of 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 buying an additional 8,743 shares during the period. 7.07% of the stock is currently owned by institutional investors.
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Fibria Celulose Company Profile
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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