Zacks Investment Research upgraded shares of Fibria Celulose (NYSE:FBR) from a hold rating to a strong-buy rating in a research note published on Tuesday. Zacks Investment Research currently has $19.00 price objective on the basic materials company’s stock.

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. “

FBR has been the subject of several other research reports. ValuEngine downgraded shares of Fibria Celulose from a buy rating to a hold rating in a research note on Monday, January 29th. Credit Suisse Group reissued a neutral rating on shares of Fibria Celulose in a research note on Friday, December 1st. Goldman Sachs Group reissued a sell rating on shares of Fibria Celulose in a research note on Wednesday, January 31st. Finally, Santander lowered shares of Fibria Celulose from a buy rating to a hold rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Fibria Celulose has a consensus rating of Buy and an average target price of $15.83.

Shares of Fibria Celulose (NYSE FBR) opened at $16.82 on Tuesday. 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 stock has a market cap of $9,060.00, a PE ratio of 28.51 and a beta of -0.02. Fibria Celulose has a 12 month low of $7.98 and a 12 month high of $18.03.

Large investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Fibria Celulose during the third quarter worth approximately $136,000. Mackenzie Financial Corp purchased a new position in shares of Fibria Celulose during the fourth quarter worth approximately $157,000. Cubist Systematic Strategies LLC purchased a new position in shares of Fibria Celulose during the second quarter worth approximately $166,000. Ameriprise Financial Inc. increased its position in shares of Fibria Celulose by 82.5% during the second quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 8,743 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Fibria Celulose during the third quarter worth approximately $213,000. 7.03% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Fibria Celulose (FBR) Upgraded to Strong-Buy at Zacks Investment Research” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.thecerbatgem.com/2018/02/14/fibria-celulose-fbr-upgraded-to-strong-buy-at-zacks-investment-research.html.

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).

Get a free copy of the Zacks research report on Fibria Celulose (FBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Fibria Celulose (NYSE:FBR)

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