Fibria Celulose SA (NYSE:FBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm presently has a $9.50 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 8.45% from the stock’s previous close.

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. “

Separately, Morgan Stanley cut Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 target price for the company. in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Fibria Celulose SA currently has an average rating of “Hold” and a consensus target price of $21.07.

Analyst Recommendations for Fibria Celulose SA (NYSE:FBR)

Fibria Celulose SA (NYSE:FBR) opened at 8.76 on Monday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 5.80 and a beta of 0.44. Fibria Celulose SA has a 12 month low of $5.79 and a 12 month high of $14.94. The company has a 50-day moving average of $7.75 and a 200-day moving average of $7.39.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pictet Asset Management Ltd. boosted its position in shares of Fibria Celulose SA by 105.8% in the second quarter. Pictet Asset Management Ltd. now owns 4,556,162 shares of the company’s stock worth $42,281,000 after buying an additional 2,342,769 shares during the last quarter. Global Thematic Partners LLC boosted its position in shares of Fibria Celulose SA by 14.1% in the third quarter. Global Thematic Partners LLC now owns 3,866,794 shares of the company’s stock worth $27,339,000 after buying an additional 476,476 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Fibria Celulose SA by 26.1% in the third quarter. Bank of New York Mellon Corp now owns 2,470,123 shares of the company’s stock worth $17,464,000 after buying an additional 511,841 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Fibria Celulose SA during the second quarter worth about $14,129,000. Finally, Vanguard Group Inc. boosted its position in shares of Fibria Celulose SA by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,296,853 shares of the company’s stock worth $8,767,000 after buying an additional 13,091 shares during the last quarter. 7.93% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Fibria Celulose SA (FBR) Rating Increased to Buy at Zacks Investment Research” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/23/fibria-celulose-sa-fbr-rating-increased-to-buy-at-zacks-investment-research.html.

About Fibria Celulose SA

Fibria Celulose SA (Fibria) is a Brazil-based pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.

5 Day Chart for NYSE:FBR

Receive News & Stock Ratings for Fibria Celulose SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fibria Celulose SA and related stocks with our FREE daily email newsletter.