Fibria Celulose S.A. (FBR) Stock Rating Lowered by BidaskClub
Fibria Celulose S.A. (NYSE:FBR) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.
Several other analysts also recently issued reports on the stock. J P Morgan Chase & Co raised shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $10.00 to $13.50 in a research report on Wednesday. Zacks Investment Research downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. ValuEngine downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group raised shares of Fibria Celulose from a “neutral” rating to an “outperform” rating in a research report on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Fibria Celulose currently has a consensus rating of “Buy” and a consensus price target of $11.13.
Shares of Fibria Celulose (NYSE FBR) traded up 1.81% during midday trading on Wednesday, hitting $11.28. 1,959,326 shares of the company traded hands. The stock has a market capitalization of $6.24 billion, a P/E ratio of 20.29 and a beta of 0.09. Fibria Celulose has a 12-month low of $5.79 and a 12-month high of $11.95. The stock’s 50-day moving average is $10.15 and its 200 day moving average is $9.43.
Fibria Celulose (NYSE:FBR) last posted its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.08. Fibria Celulose had a net margin of 10.55% and a return on equity of 7.04%. The business had revenue of $663.26 million during the quarter. On average, analysts expect that Fibria Celulose will post $0.43 earnings per share for the current year.
The firm also recently declared an annual dividend, which was paid on Thursday, May 25th. Investors of record on Friday, May 12th were given a $0.204 dividend. The ex-dividend date of this dividend was Wednesday, May 10th.
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A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in shares of Fibria Celulose by 6,485.4% in the first quarter. Tower Research Capital LLC TRC now owns 18,439 shares of the basic materials company’s stock valued at $169,000 after buying an additional 18,159 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Fibria Celulose by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock valued at $10,597,000 after buying an additional 642,400 shares during the period. Sensato Investors LLC bought a new position in shares of Fibria Celulose during the first quarter valued at $246,000. Highbridge Capital Management LLC bought a new position in shares of Fibria Celulose during the first quarter valued at $1,172,000. Finally, Two Sigma Securities LLC bought a new position in shares of Fibria Celulose during the first quarter valued at $107,000. 6.15% of the stock is owned by institutional investors and hedge funds.
About Fibria Celulose
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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