Fibria Celulose SA (FBR) Stock Price Up 5.6%
Fibria Celulose SA (NYSE:FBR)’s share price was up 5.6% on Monday . The stock traded as high as $6.21 and last traded at $6.19, with a volume of 1,266,822 shares trading hands. The stock had previously closed at $5.86.
Several equities analysts have weighed in on FBR shares. Zacks Investment Research lowered Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 2nd. FBR & Co lowered Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Morgan Stanley lowered Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 price objective on the stock. in a research note on Tuesday, July 26th. Finally, Bank of America Corp. lowered Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Thursday, July 21st. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fibria Celulose SA has an average rating of “Buy” and an average target price of $19.49.
The firm has a market cap of $3.43 billion and a price-to-earnings ratio of 5.56. The company has a 50-day moving average of $6.68 and a 200 day moving average of $8.61.
An institutional investor recently raised its position in Fibria Celulose SA stock. Bank of Montreal Can raised its stake in Fibria Celulose SA (NYSE:FBR) by 8,417.3% during the fourth quarter, according to its most recent 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 as of its most recent SEC filing.
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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