Zacks Investment Research cut shares of Fibria Celulose S.A. (NYSE:FBR) from a buy rating to a hold rating in a research report released on Tuesday morning.
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 equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Fibria Celulose from a strong-buy rating to a buy rating in a research report on Wednesday, June 14th. Citigroup Inc. upgraded shares of Fibria Celulose from a neutral rating to a buy rating in a research report on Monday, August 14th. TheStreet cut shares of Fibria Celulose from a c rating to a d+ rating in a research report on Wednesday, July 26th. Finally, J P Morgan Chase & Co upgraded shares of Fibria Celulose from a neutral rating to an overweight rating and boosted their target price for the company from $10.00 to $13.50 in a research report on Wednesday, June 14th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $13.75.
Shares of Fibria Celulose (FBR) traded up 2.52% during mid-day trading on Tuesday, reaching $16.30. 696,156 shares of the company’s stock traded hands. The stock’s market cap is $9.01 billion. Fibria Celulose has a 12 month low of $7.12 and a 12 month high of $16.31. The firm has a 50 day moving average price of $13.62 and a 200-day moving average price of $11.10.
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Several institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Fibria Celulose by 33.4% during the 2nd quarter. FMR LLC now owns 6,633,800 shares of the basic materials company’s stock valued at $67,399,000 after purchasing an additional 1,660,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Fibria Celulose by 1,120.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,608,750 shares of the basic materials company’s stock valued at $36,665,000 after purchasing an additional 3,313,150 shares during the last quarter. Banco BTG Pactual S.A. bought a new stake in shares of Fibria Celulose during the 2nd quarter valued at approximately $27,875,000. Vanguard Group Inc. grew its holdings in shares of Fibria Celulose by 11.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,587,821 shares of the basic materials company’s stock valued at $16,132,000 after purchasing an additional 157,600 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Fibria Celulose by 124.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock valued at $10,597,000 after purchasing an additional 642,400 shares during the last quarter. 7.11% of the stock is currently owned by institutional investors.
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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