Fibria Celulose SA (FBR) Sees Large Volume Increase
Fibria Celulose SA (NYSE:FBR) saw unusually-high trading volume on Thursday . Approximately 2,917,790 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 2,098,827 shares.The stock last traded at $6.08 and had previously closed at $6.27.
FBR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Fibria Celulose SA from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Friday, April 1st. FBR & Co downgraded Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Bank of America Corp. downgraded Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Scotiabank upgraded Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.06.
The company has a market cap of $3.54 billion and a price-to-earnings ratio of 6.12. The stock’s 50 day moving average is $7.35 and its 200 day moving average is $8.98.
A hedge fund recently raised its stake in Fibria Celulose SA stock. Morgan Stanley boosted its stake in shares of 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 (SEC). 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 as of its most recent filing with the SEC.
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.