Fibria Celulose SA (NYSE:FBR) shares traded up 7% during trading on Tuesday . The company traded as high as $6.86 and last traded at $6.76, with a volume of 2,471,203 shares changing hands. The stock had previously closed at $6.32.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Fibria Celulose SA from a “hold” rating to a “strong-buy” rating and set a $7.25 price objective on the stock in a research report on Thursday, July 28th. Morgan Stanley downgraded shares of 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 report on Tuesday, July 26th. Bank of America Corp. downgraded shares of Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research report on Thursday, July 21st. Finally, FBR & Co downgraded shares of Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 20th. Four 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. The company presently has a consensus rating of “Buy” and an average price target of $19.49.

The company has a market cap of $3.74 billion and a P/E ratio of 5.91. The firm has a 50 day moving average of $6.35 and a 200-day moving average of $8.25.

A number of hedge funds and institutional investors recently bought and sold shares of FBR. Schwab Charles Investment Management Inc. boosted its position in Fibria Celulose SA by 31.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 113,800 shares of the company’s stock worth $1,445,000 after buying an additional 27,462 shares during the last quarter. Bank of Montreal Can boosted its position in Fibria Celulose SA by 8,417.3% in the fourth quarter. Bank of Montreal Can now owns 91,816 shares of the company’s stock worth $1,165,000 after buying an additional 90,738 shares during the last quarter. Finally, Morgan Stanley boosted its position in Fibria Celulose SA by 1,011.9% in the fourth quarter. Morgan Stanley now owns 1,516,711 shares of the company’s stock worth $19,247,000 after buying an additional 1,380,307 shares during the last quarter.

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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