Fibria Celulose SA (NYSE:FBR) hit a new 52-week low on Friday . The company traded as low as $6.03 and last traded at $6.11, with a volume of 1,190,272 shares. The stock had previously closed at $6.28.

A number of brokerages have weighed in on FBR. Zacks Investment Research cut shares of Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 2nd. Scotiabank upgraded shares of Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 1st. FBR & Co cut shares of Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 20th. Morgan Stanley cut shares of Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 price target on the stock. in a report on Tuesday. Finally, Bank of America Corp. cut shares of Fibria Celulose SA from a “buy” rating to a “neutral” rating in a report on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Fibria Celulose SA currently has a consensus rating of “Buy” and an average price target of $19.49.

The company has a market cap of $3.40 billion and a P/E ratio of 5.55. The firm’s 50-day moving average price is $7.05 and its 200 day moving average price is $8.81.

A hedge fund recently raised its stake in Fibria Celulose SA stock. Morgan Stanley increased its position in shares of Fibria Celulose SA (NYSE:FBR) by 1,011.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.27% of Fibria Celulose SA worth $19,247,000 as of its most recent filing with the SEC.

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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