Fibria Celulose SA (FBR) Sees Unusually-High Trading Volume
Fibria Celulose SA (NYSE:FBR) saw unusually-high trading volume on Friday . Approximately 1,695,065 shares changed hands during trading, a decline of 3% from the previous session’s volume of 1,751,643 shares.The stock last traded at $6.47 and had previously closed at $6.49.
FBR has been the topic of a number of research analyst reports. Morgan Stanley lowered Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 price target on the stock. in a research note on Tuesday, July 26th. Zacks Investment Research lowered Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 2nd. FBR & Co lowered Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Finally, Bank of America Corp. lowered Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Thursday, July 21st. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.49.
The company has a 50 day moving average price of $6.35 and a 200-day moving average price of $8.18. The stock has a market capitalization of $3.64 billion and a PE ratio of 5.84.
An institutional investor recently raised its position in Fibria Celulose SA stock. Bank of Montreal Can boosted its stake in Fibria Celulose SA (NYSE:FBR) by 8,417.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 filing with the SEC.
Fibria Celulose SA (Fibria) is a Brazil-based 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.