Fibria (NYSE:FBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $22.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.94% from the company’s previous close.

According to Zacks, “Fibria Celulose S.A., is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantations, which is mainly targeted to the main consumer markets and is also used for their own manufacturing of paper products. The Company’s paper products can be divided into three major categories: uncoated and coated printing and writing papers; carbonless papers and thermal papers. Coated printing and writing paper is used for promotional materials, folders, internal sheets and cover of magazines, books, tabloids, inserts and mailing. Uncoated printing and writing paper is used in reels, sheets and cut-size designed for maximum performance in photocopying machines and laser and inkjet printers, and alkaline offset paper. Carbonless paper is used in producing multi-copy forms for credit card receipts, invoices and other applications. Thermal paper is used in fax machines, supermarket receipts, bar code labels, toll tickets and receipts for automated teller machines. “

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A number of other brokerages also recently commented on FBR. HSBC downgraded shares of Fibria from a “buy” rating to a “hold” rating in a research note on Friday, March 16th. Scotia Howard Weill downgraded shares of Fibria from an “outperform” rating to a “sector perform” rating and set a $20.25 price target on the stock. in a research note on Friday, March 16th. Citigroup downgraded shares of Fibria from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 21st. ValuEngine raised shares of Fibria from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Finally, Goldman Sachs reissued a “sell” rating on shares of Fibria in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.69.

FBR stock traded up $0.11 during trading on Monday, reaching $19.48. 832,880 shares of the stock were exchanged, compared to its average volume of 1,803,857. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.82 and a quick ratio of 1.46. Fibria has a 1 year low of $8.70 and a 1 year high of $22.05. The company has a market capitalization of $10,729.72, a PE ratio of 31.93 and a beta of -0.13.

Fibria (NYSE:FBR) last issued its earnings results on Monday, January 29th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.48). Fibria had a return on equity of 7.65% and a net margin of 9.38%. The firm had revenue of $1.25 billion for the quarter. sell-side analysts forecast that Fibria will post 1.7 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in shares of Fibria in the 3rd quarter valued at approximately $136,000. Mackenzie Financial Corp acquired a new position in shares of Fibria in the fourth quarter valued at approximately $157,000. Toronto Dominion Bank grew its holdings in shares of Fibria by 150.0% in the fourth quarter. Toronto Dominion Bank now owns 15,000 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 9,000 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Fibria in the fourth quarter valued at approximately $246,000. Finally, Banco de Sabadell S.A acquired a new position in shares of Fibria in the fourth quarter valued at approximately $326,000. 7.27% of the stock is currently owned by institutional investors and hedge funds.

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About Fibria

Fibria Celulose SA produces, sells, and exports short fiber pulp in Brazil and internationally. It manufactures and sells bleached eucalyptus kraft pulp. The company has approximately 1,056,000 hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul, and Bahia.

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