Fibria Celulose SA (NYSE:FBR) was down 2.4% on Wednesday . The stock traded as low as $6.69 and last traded at $6.78, with a volume of 1,608,629 shares trading hands. The stock had previously closed at $6.95.

Several equities research analysts have weighed in on FBR shares. FBR & Co downgraded shares of Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Bank of America Corp. downgraded shares of Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded shares of Fibria Celulose SA from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Finally, Morgan Stanley downgraded shares of Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 target price for the company. in a research note on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.49.

The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 6.23 and a beta of 0.93. The stock has a 50-day moving average price of $6.66 and a 200-day moving average price of $7.81.

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Several institutional investors have recently made changes to their positions in FBR. Nomura Holdings Inc. bought a new position in shares of Fibria Celulose SA during the second quarter worth about $102,000. Royal Bank of Canada increased its position in shares of Fibria Celulose SA by 1,778.6% in the first quarter. Royal Bank of Canada now owns 13,150 shares of the company’s stock worth $111,000 after buying an additional 12,450 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Fibria Celulose SA by 3.7% in the second quarter. Global X Management Co. LLC now owns 16,729 shares of the company’s stock worth $113,000 after buying an additional 595 shares in the last quarter. US Bancorp DE increased its position in shares of Fibria Celulose SA by 6,476.7% in the second quarter. US Bancorp DE now owns 25,386 shares of the company’s stock worth $172,000 after buying an additional 25,000 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Fibria Celulose SA during the second quarter worth about $186,000. Institutional investors and hedge funds own 8.09% of the company’s stock.

About Fibria Celulose SA

Fibria Celulose SA (Fibria) is a Brazil-based pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.

5 Day Chart for NYSE:FBR

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