Fibria Celulose S.A. (FBR) Cut to Hold at BidaskClub
Fibria Celulose S.A. (NYSE:FBR) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Credit Suisse Group raised shares of Fibria Celulose from a “neutral” rating to an “outperform” rating in a research note on Friday, May 19th. J P Morgan Chase & Co raised shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $13.50 in a research note on Wednesday, June 14th. Finally, ValuEngine downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $10.80.
Shares of Fibria Celulose (FBR) traded down 2.85% during mid-day trading on Thursday, hitting $10.22. 2,188,287 shares of the stock traded hands. The company has a market cap of $5.66 billion, a P/E ratio of 18.75 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 firm has a 50 day moving average of $10.43 and a 200 day moving average of $9.49.
Fibria Celulose (NYSE:FBR) last posted its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.08. The business had revenue of $663.26 million during the quarter. Fibria Celulose had a return on equity of 7.04% and a net margin of 10.55%. Equities analysts anticipate that Fibria Celulose will post $0.42 EPS for the current fiscal year.
The company also recently announced an annual dividend, which was paid on Thursday, May 25th. Shareholders of record on Friday, May 12th were paid a dividend of $0.204 per share. The ex-dividend date was Wednesday, May 10th.
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A number of institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC increased its position in shares of Fibria Celulose by 7.0% in the fourth quarter. Guggenheim Capital LLC now owns 322,649 shares of the basic materials company’s stock worth $3,100,000 after buying an additional 21,139 shares during the period. Partners Value Investments LP purchased a new position in shares of Fibria Celulose during the first quarter worth approximately $5,945,000. FMR LLC purchased a new position in shares of Fibria Celulose during the fourth quarter worth approximately $47,111,000. Thomas White International Ltd. purchased a new position in shares of Fibria Celulose during the first quarter worth approximately $1,292,000. Finally, Comerica Bank increased its position in shares of Fibria Celulose by 12.6% in the fourth quarter. Comerica Bank now owns 31,347 shares of the basic materials company’s stock worth $302,000 after buying an additional 3,500 shares during the period. 6.15% of the stock is currently owned by institutional investors.
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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