Fibria Celulose S.A. (NYSE:FBR) hit a new 52-week high during trading on Wednesday . The company traded as high as $11.96 and last traded at $11.95, with a volume of 1,868,798 shares. The stock had previously closed at $11.46.

FBR has been the subject of a number of recent research reports. Credit Suisse Group upgraded shares of Fibria Celulose from a “neutral” rating to an “outperform” rating in a report on Friday, May 19th. ValuEngine cut shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Fibria Celulose from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, June 5th. J P Morgan Chase & Co raised shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $13.50 in a research report on Wednesday, June 14th. Finally, BidaskClub cut shares of Fibria Celulose from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.75.

The stock has a 50 day moving average of $10.57 and a 200-day moving average of $9.75. The company’s market cap is $6.68 billion.

Several institutional investors have recently modified their holdings of the stock. Partners Value Investments LP acquired a new position in shares of Fibria Celulose during the first quarter worth $5,945,000. Goldman Sachs Group Inc. increased its position in shares of Fibria Celulose by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock worth $10,597,000 after buying an additional 642,400 shares in the last quarter. Mizuho Securities USA LLC acquired a new position in shares of Fibria Celulose during the second quarter worth $770,000. Thomas White International Ltd. acquired a new position in shares of Fibria Celulose during the first quarter worth $1,292,000. Finally, Lazard Asset Management LLC increased its position in shares of Fibria Celulose by 66.9% in the first quarter. Lazard Asset Management LLC now owns 30,920 shares of the basic materials company’s stock worth $282,000 after buying an additional 12,389 shares in the last quarter. Institutional investors own 5.83% 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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