Fibria Celulose S.A. (NYSE:FBR) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $13.53 and last traded at $13.52, with a volume of 500,857 shares trading hands. The stock had previously closed at $13.16.

FBR has been the subject of several research analyst reports. Zacks Investment Research raised Fibria Celulose from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, June 5th. Credit Suisse Group raised Fibria Celulose from a “neutral” rating to an “outperform” rating in a research note on Friday, May 19th. BidaskClub raised Fibria Celulose from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. ValuEngine lowered Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. raised Fibria Celulose from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Fibria Celulose currently has a consensus rating of “Buy” and an average price target of $12.75.

The stock’s market capitalization is $7.55 billion. The stock has a 50 day moving average of $11.54 and a 200 day moving average of $10.10.

A number of large investors have recently modified their holdings of FBR. Comerica Bank raised its stake in shares of Fibria Celulose by 1.3% in the first quarter. Comerica Bank now owns 31,760 shares of the basic materials company’s stock worth $291,000 after buying an additional 413 shares during the last quarter. World Asset Management Inc raised its position in shares of Fibria Celulose by 1.6% in the first quarter. World Asset Management Inc now owns 34,474 shares of the basic materials company’s stock worth $315,000 after buying an additional 537 shares during the last quarter. Aperio Group LLC raised its position in shares of Fibria Celulose by 3.9% in the second quarter. Aperio Group LLC now owns 47,876 shares of the basic materials company’s stock worth $486,000 after buying an additional 1,805 shares during the last quarter. Virtu KCG Holdings LLC raised its position in shares of Fibria Celulose by 20.0% in the second quarter. Virtu KCG Holdings LLC now owns 41,381 shares of the basic materials company’s stock worth $420,000 after buying an additional 6,904 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Fibria Celulose by 22.6% in the second quarter. Lazard Asset Management LLC now owns 37,893 shares of the basic materials company’s stock worth $384,000 after buying an additional 6,973 shares during the last quarter. Institutional investors and hedge funds own 7.11% of the company’s stock.

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Fibria Celulose Company Profile

Fibria Celulose SA (Fibria) is a forestry company, which is engaged in the production of eucalyptus pulp. The Company is engaged in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz (State of Espirito Santo), Tres Lagoas (State of Mato Grosso do Sul), Jacarei (State of Sao Paulo) and Eunapolis (State of Bahia).