Fibria Celulose SA (FBR) Trading Up 3.1%
Fibria Celulose SA (NYSE:FBR)’s share price was up 3.1% during mid-day trading on Friday . The stock traded as high as $6.35 and last traded at $6.32, with a volume of 918,818 shares traded. The stock had previously closed at $6.13.
Several equities analysts have recently issued reports on FBR shares. Bank of America Corp. lowered Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research report on Thursday. FBR & Co lowered Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Scotiabank upgraded Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 1st. Finally, Zacks Investment Research upgraded Fibria Celulose SA from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Friday, April 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Fibria Celulose SA presently has a consensus rating of “Hold” and a consensus price target of $22.06.
The firm has a market capitalization 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.
An institutional investor recently raised its position in Fibria Celulose SA stock. Bank of Montreal Can increased its stake 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 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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