Fibria Celulose SA (FBR) Shares Down 2.1%
Shares of Fibria Celulose SA (NYSE:FBR) traded down 2.1% during trading on Friday . The company traded as low as $6.42 and last traded at $6.47, with a volume of 996,801 shares trading hands. The stock had previously closed at $6.61.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 2nd. Scotiabank upgraded shares of Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.06.
The firm’s 50-day moving average is $8.05 and its 200 day moving average is $9.39. The company has a market cap of $3.59 billion and a P/E ratio of 6.29.
A hedge fund recently raised its stake in Fibria Celulose SA stock. Bank of Montreal Can raised its position in shares of Fibria Celulose SA (NYSE:FBR) by 8,417.3% during the fourth quarter, Holdings Channel reports. The firm 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 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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