Fibria Celulose (NYSE:FBR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, December 28th.
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. “
A number of other research analysts have also weighed in on the stock. Credit Suisse Group reissued a “neutral” rating on shares of Fibria Celulose in a research note on Friday, December 1st. Santander downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Goldman Sachs Group restated a “neutral” rating and set a $15.00 price target on shares of Fibria Celulose in a report on Monday, October 23rd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has 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 $14.17.
Fibria Celulose (NYSE:FBR) opened at $15.69 on Thursday. 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 firm has a market cap of $8,730.00, a PE ratio of 39.23 and a beta of -0.11.
Large investors have recently bought and sold shares of the business. Airain ltd acquired a new position in shares of Fibria Celulose in the second quarter worth $1,458,000. Thomas White International Ltd. lifted its position in shares of Fibria Celulose by 10.1% during the 2nd quarter. Thomas White International Ltd. now owns 155,638 shares of the basic materials company’s stock worth $1,581,000 after purchasing an additional 14,267 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fibria Celulose by 11,948.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 656,979 shares of the basic materials company’s stock worth $8,876,000 after purchasing an additional 651,526 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Fibria Celulose by 11.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,587,821 shares of the basic materials company’s stock worth $16,132,000 after purchasing an additional 157,600 shares during the last quarter. Finally, Sensato Investors LLC lifted its position in shares of Fibria Celulose by 346.8% during the 2nd quarter. Sensato Investors LLC now owns 120,200 shares of the basic materials company’s stock worth $1,221,000 after purchasing an additional 93,300 shares during the last quarter. Institutional investors and hedge funds own 7.07% of the company’s stock.
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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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