Fibria Celulose SA (FBR) Trading Down 2.1%
Fibria Celulose SA (NYSE:FBR)’s share price was down 2.1% during trading on Friday . The stock traded as low as $6.42 and last traded at $6.47, with a volume of 996,801 shares changing hands. The stock had previously closed at $6.61.
Several equities research analysts recently issued reports on the stock. Scotiabank raised shares of Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 1st. Zacks Investment Research raised shares of Fibria Celulose SA from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a report on Friday, April 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.06.
The firm has a market cap of $3.59 billion and a PE ratio of 6.17. The firm has a 50 day moving average price of $8.11 and a 200-day moving average price of $9.43.
A number of institutional investors have modified their holdings of FBR. Bank of Montreal Can raised its position in shares of Fibria Celulose SA by 8,417.3% in the fourth quarter. Bank of Montreal Can now owns 91,816 shares of the company’s stock worth $1,165,000 after buying an additional 90,738 shares in the last quarter. Morgan Stanley raised its position in shares of Fibria Celulose SA by 1,011.9% in the fourth quarter. Morgan Stanley now owns 1,516,711 shares of the company’s stock worth $19,247,000 after buying an additional 1,380,307 shares in the last quarter. Finally, NorthCoast Asset Management LLC acquired a new position in shares of Fibria Celulose SA during the fourth quarter worth $2,413,000.
Fibria Celulose SA (Fibria) is a 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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