Fibria Celulose SA (NYSE:FBR) saw unusually-strong trading volume on Thursday . Approximately 2,917,790 shares traded hands during trading, an increase of 39% from the previous session’s volume of 2,098,827 shares.The stock last traded at $6.08 and had previously closed at $6.27.

Several equities analysts have recently commented on FBR shares. Zacks Investment Research upgraded 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. Scotiabank raised shares of Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 1st. FBR & Co lowered shares of Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Bank of America Corp. lowered shares of Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Fibria Celulose SA has a consensus rating of “Hold” and an average target price of $22.06.

The firm has a 50-day moving average price of $7.43 and a 200-day moving average price of $9.02. The stock has a market capitalization of $3.39 billion and a PE ratio of 5.86.

An institutional investor recently raised its position in Fibria Celulose SA stock. Morgan Stanley increased its stake in Fibria Celulose SA (NYSE:FBR) by 1,011.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,516,711 shares of the company’s stock after buying an additional 1,380,307 shares during the period. Morgan Stanley owned approximately 0.27% of Fibria Celulose SA worth $19,247,000 at the end of the most recent reporting period.

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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