Fibria Celulose (FBR) Trading Down 8.7%

Fibria Celulose SA (NYSE:FBR) shares were down 8.7% during trading on Tuesday . The company traded as low as $17.38 and last traded at $17.42. Approximately 1,077,853 shares were traded during trading, a decline of 14% from the average daily volume of 1,254,111 shares. The stock had previously closed at $19.08.

A number of research analysts have commented on FBR shares. Zacks Investment Research raised Fibria Celulose from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, October 23rd. ValuEngine raised Fibria Celulose from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Citigroup set a $22.00 price target on Fibria Celulose and gave the company a “hold” rating in a research report on Monday, November 5th. Finally, FBR & Co lowered Fibria Celulose from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.42.

The stock has a market cap of $10.39 billion, a P/E ratio of 28.56 and a beta of -0.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.39 and a quick ratio of 1.94.

Fibria Celulose (NYSE:FBR) last released its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). The business had revenue of $751.40 million for the quarter. Fibria Celulose had a net margin of 11.40% and a return on equity of 11.52%. Equities analysts predict that Fibria Celulose SA will post 1.75 earnings per share for the current year.

The company also recently announced a dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Wednesday, December 5th will be given a $1.329 dividend. The ex-dividend date is Tuesday, December 4th. This is a positive change from Fibria Celulose’s previous dividend of $0.13. Fibria Celulose’s dividend payout ratio is currently 18.03%.

Large investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new position in shares of Fibria Celulose in the 3rd quarter worth approximately $250,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Fibria Celulose in the 2nd quarter worth approximately $257,000. Panagora Asset Management Inc. grew its stake in shares of Fibria Celulose by 30.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 15,318 shares of the basic materials company’s stock worth $284,000 after buying an additional 3,612 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Fibria Celulose in the 3rd quarter worth approximately $330,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Fibria Celulose in the 2nd quarter worth approximately $363,000. 6.27% of the stock is owned by hedge funds and other institutional investors.

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Fibria Celulose Company Profile (NYSE:FBR)

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.

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