Fibria Celulose SA Upgraded to “Neutral” at Zacks (FBR)
Fibria Celulose SA (NYSE:FBR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Thursday. The firm currently has a $10.70 target price on the stock. Zacks‘s price objective indicates a potential upside of 2.88% from the company’s current price.
A number of other firms have also recently commented on FBR. Analysts at Scotiabank upgraded shares of Fibria Celulose SA from an “underperform” rating to a “sector perform” rating in a research note on Wednesday. Separately, analysts at Goldman Sachs downgraded shares of Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Fibria Celulose SA from $13.00 to $12.00 in a research note on Tuesday, May 13th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.35.
Shares of Fibria Celulose SA (NYSE:FBR) traded down 1.44% on Thursday, hitting $10.25. The stock had a trading volume of 376,062 shares. Fibria Celulose SA has a 1-year low of $9.14 and a 1-year high of $13.34. The stock has a 50-day moving average of $9.83 and a 200-day moving average of $10.72. The company’s market cap is $5.674 billion.
Fibria Celulose SA (NYSE:FBR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.30. On average, analysts predict that Fibria Celulose SA will post $-0.43 earnings per share for the current fiscal year.
Fibria Celulose SA, formerly Votorantim Celulose e Papel SA, is a Brazil-based company involved in the production and sale of short fiber pulp.
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