Fibria Celulose SA (NYSE:FBR)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $6.36 and last traded at $6.39, with a volume of 480,823 shares traded. The stock had previously closed at $6.44.

A number of brokerages have commented on FBR. Zacks Investment Research downgraded shares of Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 2nd. Scotiabank raised 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 issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.06.

The company has a market cap of $3.54 billion and a price-to-earnings ratio of 6.32. The stock’s 50 day moving average price is $7.79 and its 200-day moving average price is $9.23.

An institutional investor recently raised its position 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, according to its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

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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