BidaskClub Downgrades Fibria Celulose S.A. (FBR) to Hold
Fibria Celulose S.A. (NYSE:FBR) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Fibria Celulose from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Credit Suisse Group raised Fibria Celulose from a “neutral” rating to an “outperform” rating in a report on Friday, May 19th. J P Morgan Chase & Co raised Fibria Celulose from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $13.50 in a report on Wednesday, June 14th. Finally, ValuEngine cut Fibria Celulose from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $10.80.
Shares of Fibria Celulose (FBR) traded down 0.342% during mid-day trading on Thursday, hitting $10.185. The company’s stock had a trading volume of 395,345 shares. The company has a market cap of $5.64 billion, a PE ratio of 18.518 and a beta of 0.09. Fibria Celulose has a 12-month low of $5.79 and a 12-month high of $11.95. The stock has a 50-day moving average of $10.43 and a 200-day moving average of $9.49.
Fibria Celulose (NYSE:FBR) last released its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. Fibria Celulose had a return on equity of 7.04% and a net margin of 10.55%. The company had revenue of $663.26 million during the quarter. On average, equities research analysts forecast that Fibria Celulose will post $0.42 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in Fibria Celulose by 6,485.4% in the first quarter. Tower Research Capital LLC TRC now owns 18,439 shares of the basic materials company’s stock valued at $169,000 after buying an additional 18,159 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Fibria Celulose by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock valued at $10,597,000 after buying an additional 642,400 shares during the last quarter. Sensato Investors LLC acquired a new position in Fibria Celulose during the first quarter valued at approximately $246,000. Highbridge Capital Management LLC acquired a new position in Fibria Celulose during the first quarter valued at approximately $1,172,000. Finally, Two Sigma Securities LLC acquired a new position in Fibria Celulose during the first quarter valued at approximately $107,000. Hedge funds and other institutional investors own 6.15% of the company’s stock.
Fibria Celulose Company Profile
Fibria Celulose SA (Fibria) is a forestry company, which is engaged in the production of eucalyptus pulp. The Company is engaged in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz (State of Espirito Santo), Tres Lagoas (State of Mato Grosso do Sul), Jacarei (State of Sao Paulo) and Eunapolis (State of Bahia).
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