Fibria Celulose (NYSE:FBR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, December 28th.
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. “
Other research analysts have also recently issued reports about the company. Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price target on shares of Fibria Celulose in a research report on Monday, October 23rd. Santander cut Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Fibria Celulose in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $14.17.
Fibria Celulose (FBR) opened at $15.69 on Thursday. Fibria Celulose has a 52-week low of $7.98 and a 52-week high of $17.21. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $8,558.30, a P/E ratio of 37.68 and a beta of -0.11.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in shares of Fibria Celulose during the third quarter worth approximately $136,000. Quantbot Technologies LP bought a new position in shares of Fibria Celulose during the second quarter worth approximately $115,000. First Trust Advisors LP bought a new position in shares of Fibria Celulose during the third quarter worth approximately $213,000. Cubist Systematic Strategies LLC bought a new position in shares of Fibria Celulose during the second quarter worth approximately $166,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Fibria Celulose by 82.5% during the second quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 8,743 shares during the period. Institutional investors own 7.07% of the company’s stock.
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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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