Zacks Investment Research lowered shares of Fibria Celulose SA (NYSE:FBR) from a buy rating to a hold rating in a report released on Wednesday morning.

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 upgraded Fibria Celulose SA from an equal weight rating to an overweight rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock 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 9.10 on Wednesday. Fibria Celulose SA has a one year low of $5.79 and a one year high of $13.89. The company’s 50-day moving average is $7.93 and its 200-day moving average is $7.39. The firm has a market cap of $5.21 billion, a PE ratio of 6.43 and a beta of 0.44.

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Several large investors have recently added to or reduced their stakes in the stock. Deltec Asset Management LLC boosted its stake in Fibria Celulose SA by 52.6% in the second quarter. Deltec Asset Management LLC now owns 150,900 shares of the company’s stock valued at $1,020,000 after buying an additional 52,000 shares during the period. Advisory Services Network LLC acquired a new stake in Fibria Celulose SA during the second quarter valued at approximately $186,000. Oxford Asset Management acquired a new stake in Fibria Celulose SA during the second quarter valued at approximately $925,000. Airain ltd boosted its stake in Fibria Celulose SA by 110.1% in the second quarter. Airain ltd now owns 145,004 shares of the company’s stock valued at $980,000 after buying an additional 75,994 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Fibria Celulose SA during the second quarter valued at approximately $102,000. 6.95% of the stock is currently owned by institutional investors.

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

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