Fibria Celulose SA (FBR) Trading Up 3.7%
Fibria Celulose SA (NYSE:FBR) shares were up 3.7% during mid-day trading on Monday . The stock traded as high as $6.84 and last traded at $6.80, with a volume of 1,069,840 shares traded. The stock had previously closed at $6.56.
Several research analysts have issued reports on FBR shares. Zacks Investment Research cut Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 2nd. FBR & Co cut Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 20th. Morgan Stanley cut Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 target price on the stock. in a research report on Tuesday, July 26th. Finally, Bank of America Corp. cut Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research report on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.49.
The company has a market cap of $3.79 billion and a PE ratio of 6.08. The firm’s 50-day moving average price is $6.35 and its 200-day moving average price is $8.18.
A hedge fund recently raised its stake in Fibria Celulose SA stock. Bank of Montreal Can increased its stake in Fibria Celulose SA (NYSE:FBR) by 8,417.3% during the fourth quarter, according to its most recent 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 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.
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