Scotia Howard Weill Lowers Fibria (FBR) to Sector Perform

Scotia Howard Weill downgraded shares of Fibria (NYSE:FBR) from an outperform rating to a sector perform rating in a research note released on Friday, March 16th. They currently have $20.25 price objective on the basic materials company’s stock.

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of Fibria from a hold rating to a buy rating in a research note on Sunday, December 31st. HSBC lowered shares of Fibria from a buy rating to a hold rating in a research note on Friday, March 16th. Zacks Investment Research lowered shares of Fibria from a buy rating to a hold rating in a research note on Tuesday, January 30th. Santander lowered shares of Fibria from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Credit Suisse Group restated a neutral rating on shares of Fibria in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $17.94.

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Shares of NYSE:FBR traded up $0.18 during midday trading on Friday, reaching $19.74. The company had a trading volume of 1,184,191 shares, compared to its average volume of 2,144,312. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 1.20. The firm has a market cap of $10,934.68, a PE ratio of 32.36 and a beta of -0.13. Fibria has a one year low of $8.70 and a one year high of $22.05.

Fibria (NYSE:FBR) last issued its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.48). The company had revenue of $1.25 billion during the quarter. Fibria had a return on equity of 7.65% and a net margin of 9.38%. equities research analysts forecast that Fibria will post 1.57 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in FBR. Bank of New York Mellon Corp acquired a new position in Fibria in the fourth quarter worth $15,228,000. JPMorgan Chase & Co. boosted its holdings in Fibria by 11,948.0% in the third 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 period. Renaissance Technologies LLC boosted its holdings in Fibria by 22.6% in the fourth quarter. Renaissance Technologies LLC now owns 3,380,028 shares of the basic materials company’s stock worth $49,686,000 after purchasing an additional 623,228 shares during the period. BlackRock Inc. boosted its holdings in Fibria by 21.9% in the fourth quarter. BlackRock Inc. now owns 1,909,585 shares of the basic materials company’s stock worth $28,070,000 after purchasing an additional 343,519 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Fibria by 11.0% in the second 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 period. 7.27% of the stock is owned by hedge funds and other institutional investors.

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Fibria Company Profile

Fibria Celulose SA produces, sells, and exports short fiber pulp in Brazil and internationally. It manufactures and sells bleached eucalyptus kraft pulp. The company has approximately 1,056,000 hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul, and Bahia.

Analyst Recommendations for Fibria (NYSE:FBR)

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