Fibria (NYSE:FBR) Rating Lowered to Hold at HSBC

Fibria (NYSE:FBR) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a report issued on Friday, March 16th, Marketbeat reports.

A number of other research analysts have also recently commented on FBR. ValuEngine upgraded shares of Fibria from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Fibria from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Santander lowered Fibria from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Credit Suisse Group reaffirmed a “neutral” rating on shares of Fibria in a research note on Friday, December 1st. Finally, Goldman Sachs reiterated a “sell” rating on shares of Fibria in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Fibria currently has an average rating of “Buy” and an average price target of $17.94.

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FBR traded up $0.18 during mid-day trading on Friday, reaching $19.74. 1,184,191 shares of the stock were exchanged, compared to its average volume of 2,144,312. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.82 and a quick ratio of 1.46. The company has a market capitalization of $10,934.68, a price-to-earnings ratio of 32.36 and a beta of -0.13. Fibria has a 1 year low of $8.70 and a 1 year high of $22.05.

Fibria (NYSE:FBR) last released its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.48). The business had revenue of $1.25 billion for the quarter. Fibria had a net margin of 9.38% and a return on equity of 7.65%. equities analysts anticipate that Fibria will post 1.57 EPS for the current year.

Large investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of Fibria during the 3rd quarter valued at about $136,000. Mackenzie Financial Corp purchased a new position in Fibria in the 4th quarter worth approximately $157,000. Ameriprise Financial Inc. lifted its holdings in Fibria by 82.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 8,743 shares in the last quarter. First Trust Advisors LP purchased a new position in Fibria in the 3rd quarter worth approximately $213,000. Finally, Toronto Dominion Bank lifted its holdings in Fibria by 150.0% in the 4th quarter. Toronto Dominion Bank now owns 15,000 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 9,000 shares in the last quarter. 7.27% of the stock is currently owned by institutional investors and hedge funds.

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About Fibria

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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