BidaskClub Lowers Fibria Celulose S.A. (FBR) to Hold

Fibria Celulose S.A. (NYSE:FBR) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, June 22nd.

Several other equities research analysts also recently weighed in on FBR. Zacks Investment Research downgraded Fibria Celulose from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Credit Suisse Group upgraded Fibria Celulose from a “neutral” rating to an “outperform” rating in a report on Friday, May 19th. ValuEngine downgraded Fibria Celulose from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, J P Morgan Chase & Co upgraded Fibria Celulose from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $10.00 to $13.50 in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.80.

Fibria Celulose (NYSE:FBR) opened at 10.74 on Thursday. The company has a market capitalization of $5.94 billion, a PE ratio of 19.60 and a beta of 0.03. Fibria Celulose has a 52-week low of $5.79 and a 52-week high of $11.95. The firm’s 50-day moving average is $10.71 and its 200-day moving average is $9.60.

Fibria Celulose (NYSE:FBR) last issued its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.08. Fibria Celulose had a return on equity of 7.04% and a net margin of 10.55%. The business had revenue of $663.26 million during the quarter. On average, equities research analysts forecast that Fibria Celulose will post $0.49 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “BidaskClub Lowers Fibria Celulose S.A. (FBR) to Hold” was originally reported by BBNS and is the property of of BBNS. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://baseballnewssource.com/markets/fibria-celulose-s-a-fbr-cut-to-hold-at-bidaskclub-updated-updated-updated/1072919.html.

Hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its stake in 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 boosted its stake in 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Fibria Celulose during the fourth quarter worth $105,000. Two Sigma Securities LLC acquired a new stake in Fibria Celulose during the first quarter worth $107,000. Finally, Virtu Financial LLC acquired a new stake in Fibria Celulose during the first quarter worth $113,000. 6.15% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Fibria Celulose (NYSE:FBR)

Receive News & Ratings for Fibria Celulose S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fibria Celulose S.A. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Players Know They Could Go From All-Star Game to Trade Block
Players Know They Could Go From All-Star Game to Trade Block


Leave a Reply

 
© 2006-2017 BBNS.