Fibria Celulose SA (FBR) Trading 3.1% Higher
Shares of Fibria Celulose SA (NYSE:FBR) traded up 3.1% during trading on Friday . The stock traded as high as $6.35 and last traded at $6.32, with a volume of 918,818 shares changing hands. The stock had previously closed at $6.13.
Several analysts recently commented on the company. Bank of America Corp. cut Fibria Celulose SA from a “buy” rating to a “neutral” rating in a report on Thursday. FBR & Co cut Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a report on Wednesday. Zacks Investment Research cut Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Scotiabank upgraded Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.06.
The stock has a market cap of $3.54 billion and a P/E ratio of 6.12. The stock has a 50-day moving average price of $7.43 and a 200 day moving average price of $9.02.
An institutional investor recently raised its position in Fibria Celulose SA stock. Bank of Montreal Can raised its stake in shares of Fibria Celulose SA (NYSE:FBR) by 8,417.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 91,816 shares of the company’s stock after buying an additional 90,738 shares during the period. Bank of Montreal Can’s holdings in Fibria Celulose SA were worth $1,165,000 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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