Fibria Celulose SA (FBR) Stock Price Up 3.7%
Fibria Celulose SA (NYSE:FBR) shares rose 3.7% during mid-day trading on Monday . The company traded as high as $6.84 and last traded at $6.80, with a volume of 1,069,840 shares trading hands. The stock had previously closed at $6.56.
FBR has been the subject of a number of recent research reports. Morgan Stanley cut Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 price objective for the company. in a research note on Tuesday, July 26th. FBR & Co cut Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Bank of America Corp. cut Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Thursday, July 21st. Finally, Zacks Investment Research cut Fibria Celulose SA from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.49.
The stock has a market capitalization of $3.79 billion and a P/E ratio of 6.08. The company has a 50 day moving average of $6.36 and a 200 day moving average of $8.12.
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 filing 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 SEC filing.
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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