Fibria Celulose (FBR) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Fibria Celulose (NYSE:FBR) from a sell rating to a hold rating in a research report released on Wednesday morning.
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. “
FBR has been the subject of several other research reports. Credit Suisse Group reissued a neutral rating on shares of Fibria Celulose in a research note on Friday, December 1st. ValuEngine raised shares of Fibria Celulose from a hold rating to a buy rating in a research note on Sunday, December 31st. Santander lowered shares of Fibria Celulose from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Goldman Sachs Group reissued a neutral rating and issued a $15.00 price objective on shares of Fibria Celulose in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Fibria Celulose presently has a consensus rating of Buy and a consensus target price of $14.17.
Fibria Celulose (NYSE:FBR) opened at $14.60 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 1.20. Fibria Celulose has a 12 month low of $7.98 and a 12 month high of $17.21. The company has a market cap of $8,087.45, a P/E ratio of 35.61 and a beta of -0.11.
Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Fibria Celulose in the second quarter worth approximately $115,000. Citadel Advisors LLC purchased a new position in Fibria Celulose in the third quarter worth approximately $136,000. Cubist Systematic Strategies LLC purchased a new position in Fibria Celulose in the second quarter worth approximately $166,000. Ameriprise Financial Inc. lifted its stake in Fibria Celulose by 82.5% in the second quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 8,743 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in Fibria Celulose in the second quarter worth approximately $206,000. Institutional investors own 7.07% of the company’s stock.
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About Fibria Celulose
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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