Fibria Celulose (FBR) Upgraded to Strong-Buy at Zacks Investment Research
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.
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.
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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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