Fibria Celulose SA Downgraded by Goldman Sachs to Sell (FBR)
Fibria Celulose SA (NYSE:FBR) was downgraded by research analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a report released on Friday, TheFlyOnTheWall.com reports.
FBR has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Fibria Celulose SA from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 19th. They now have a $10.70 price target on the stock. Separately, analysts at Scotiabank upgraded shares of Fibria Celulose SA from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Fibria Celulose SA presently has a consensus rating of “Hold” and an average target price of $11.35.
Fibria Celulose SA (NYSE:FBR) traded down 2.09% on Friday, hitting $9.85. 1,830,005 shares of the company’s stock traded hands. Fibria Celulose SA has a 1-year low of $9.14 and a 1-year high of $13.34. The stock’s 50-day moving average is $9.99 and its 200-day moving average is $10.48. The company’s market cap is $5.453 billion.
Fibria Celulose SA (NYSE:FBR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.30. Analysts expect that Fibria Celulose SA will post $0.38 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.