Fibria Celulose SA (FBR) Stock Price Down 2.2%
Shares of Fibria Celulose SA (NYSE:FBR) traded down 2.2% on Friday . The company traded as low as $6.18 and last traded at $6.20, with a volume of 555,082 shares trading hands. The stock had previously closed at $6.34.
A number of analysts have weighed in on the company. Zacks Investment Research cut Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 2nd. FBR & Co cut Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research report 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 equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.49.
The company has a 50-day moving average price of $6.49 and a 200-day moving average price of $8.48. The firm has a market cap of $3.48 billion and a P/E ratio of 5.51.
An institutional investor recently raised its position in Fibria Celulose SA stock. Bank of Montreal Can boosted its stake in Fibria Celulose SA (NYSE:FBR) by 8,417.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 filing with the SEC.
Fibria Celulose SA (Fibria) is a Brazil-based 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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