Fibria Celulose SA (NYSE:FBR) dropped 2.2% during trading on Wednesday . The stock traded as low as $6.22 and last traded at $6.29, with a volume of 1,096,452 shares trading hands. The stock had previously closed at $6.43.

FBR has been the subject of several analyst reports. Zacks Investment Research raised Fibria Celulose SA from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Friday, April 1st. Scotiabank raised Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 1st. Finally, FBR & Co downgraded Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Fibria Celulose SA presently has a consensus rating of “Hold” and an average price target of $22.06.

The stock has a 50 day moving average of $7.56 and a 200 day moving average of $9.06. The firm has a market capitalization of $3.47 billion and a PE ratio of 6.02.

An institutional investor recently raised its position in Fibria Celulose SA stock. Morgan Stanley raised its position in Fibria Celulose SA (NYSE:FBR) by 1,011.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,516,711 shares of the company’s stock after buying an additional 1,380,307 shares during the period. Morgan Stanley owned about 0.27% of Fibria Celulose SA worth $19,247,000 at the end of the most recent reporting period.

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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