Zacks Investment Research downgraded shares of Fibria Celulose SA (NYSE:FBR) from a buy rating to a hold rating in a report released on Wednesday.

According to Zacks, “Fibria Celulose S.A., is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantations, which is mainly targeted to the main consumer markets and is also used for their own manufacturing of paper products. The Company’s paper products can be divided into three major categories: uncoated and coated printing and writing papers; carbonless papers and thermal papers. Coated printing and writing paper is used for promotional materials, folders, internal sheets and cover of magazines, books, tabloids, inserts and mailing. Uncoated printing and writing paper is used in reels, sheets and cut-size designed for maximum performance in photocopying machines and laser and inkjet printers, and alkaline offset paper. Carbonless paper is used in producing multi-copy forms for credit card receipts, invoices and other applications. Thermal paper is used in fax machines, supermarket receipts, bar code labels, toll tickets and receipts for automated teller machines. “

Separately, Morgan Stanley upgraded Fibria Celulose SA from an equal weight rating to an overweight rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $21.07.

Analyst Recommendations for Fibria Celulose SA (NYSE:FBR)

Shares of Fibria Celulose SA (NYSE:FBR) opened at 9.10 on Wednesday. The stock has a market capitalization of $5.21 billion, a PE ratio of 6.43 and a beta of 0.44. Fibria Celulose SA has a 52-week low of $5.79 and a 52-week high of $13.89. The company’s 50 day moving average price is $7.93 and its 200 day moving average price is $7.39.

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Several large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Fibria Celulose SA by 12.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 797,200 shares of the company’s stock valued at $5,636,000 after buying an additional 86,600 shares in the last quarter. Credit Suisse AG raised its position in Fibria Celulose SA by 9.2% in the third quarter. Credit Suisse AG now owns 588,390 shares of the company’s stock valued at $4,160,000 after buying an additional 49,339 shares during the last quarter. Mackenzie Financial Corp raised its position in Fibria Celulose SA by 258.3% in the third quarter. Mackenzie Financial Corp now owns 860,000 shares of the company’s stock valued at $6,080,000 after buying an additional 620,000 shares during the last quarter. PVG Asset Management Corp bought a new position in Fibria Celulose SA during the third quarter valued at approximately $1,218,000. Finally, Jane Street Group LLC bought a new position in Fibria Celulose SA during the third quarter valued at approximately $489,000. Institutional investors and hedge funds own 6.95% of the company’s stock.

Fibria Celulose SA Company Profile

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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