Zacks Investment Research upgraded shares of Fibria Celulose SA (NYSE:FBR) from a hold rating to a strong-buy rating in a research report report published on Friday morning. They currently have $11.00 target price on the stock.
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. “
Separately, Morgan Stanley raised shares of Fibria Celulose SA from an equal weight rating to an overweight rating in a report on Tuesday, November 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $8.95.
Shares of Fibria Celulose SA (NYSE:FBR) opened at 9.72 on Friday. The company has a market capitalization of $5.57 billion, a P/E ratio of 6.47 and a beta of 0.47. The stock has a 50 day moving average of $9.52 and a 200-day moving average of $7.69. Fibria Celulose SA has a 12-month low of $5.79 and a 12-month high of $11.05.
Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Fibria Celulose SA by 12.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 797,200 shares of the company’s stock valued at $5,636,000 after buying an additional 86,600 shares during the last quarter. Credit Suisse AG increased its position in Fibria Celulose SA by 9.2% in the third quarter. Credit Suisse AG now owns 588,390 shares of the company’s stock valued at $4,160,000 after buying an additional 49,339 shares during the last quarter. Mackenzie Financial Corp increased its position in Fibria Celulose SA by 258.3% in the third quarter. Mackenzie Financial Corp now owns 860,000 shares of the company’s stock valued at $6,080,000 after buying an additional 620,000 shares during the last quarter. PVG Asset Management Corp bought a new position in Fibria Celulose SA during the third quarter valued at about $1,218,000. Finally, Jane Street Group LLC bought a new position in Fibria Celulose SA during the third quarter valued at about $489,000. 6.93% of the stock is currently owned by institutional investors and hedge funds.
Fibria Celulose SA Company Profile
Fibria Celulose SA (Fibria) is a Brazil-based pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.
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