Fibria Celulose SA (FBR) Stock Price Down 0.9%
Shares of Fibria Celulose SA (NYSE:FBR) fell 0.9% during trading on Friday . The stock traded as low as $6.90 and last traded at $6.99, with a volume of 742,681 shares trading hands. The stock had previously closed at $7.05.
A number of equities analysts have recently issued reports on the company. Bank of America Corp. downgraded Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded Fibria Celulose SA from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Morgan Stanley downgraded 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. Finally, FBR & Co downgraded Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.49.
The firm’s 50-day moving average is $6.40 and its 200-day moving average is $8.09. The company has a market cap of $3.88 billion and a P/E ratio of 6.23.
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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