Fibria Celulose SA (FBR) Trading Down 0.9%
Fibria Celulose SA (NYSE:FBR) fell 0.9% on Friday . The company traded as low as $6.90 and last traded at $6.99, with a volume of 742,681 shares traded. The stock had previously closed at $7.05.
A number of research firms recently weighed in on FBR. Bank of America Corp. cut Fibria Celulose SA from a “buy” rating to a “neutral” rating in a report on Thursday, July 21st. Zacks Investment Research cut Fibria Celulose SA from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Morgan Stanley cut Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 target price on the stock. in a report on Tuesday, July 26th. Finally, FBR & Co cut Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 20th. 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 presently has an average rating of “Buy” and a consensus target price of $19.49.
The firm has a 50-day moving average price of $6.40 and a 200 day moving average price of $8.09. The firm has a market cap of $3.88 billion and a P/E ratio of 6.21.
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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