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.
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).
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