Fibria Celulose S.A. (FBR) Given Consensus Recommendation of “Buy” by Brokerages
Fibria Celulose S.A. (NYSE:FBR) has been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.75.
Several research analysts recently issued reports on FBR shares. Zacks Investment Research raised shares of Fibria Celulose from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, June 5th. BidaskClub lowered shares of Fibria Celulose from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. ValuEngine lowered shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Credit Suisse Group raised shares of Fibria Celulose from a “neutral” rating to an “outperform” rating in a research note on Friday, May 19th. Finally, J P Morgan Chase & Co raised shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $13.50 in a research note on Wednesday, June 14th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC acquired a new position in Fibria Celulose during the fourth quarter valued at $47,111,000. Partners Value Investments LP acquired a new position in Fibria Celulose during the first quarter valued at $5,945,000. Goldman Sachs Group Inc. increased its position in 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 last quarter. Alliancebernstein L.P. increased its position in Fibria Celulose by 161.1% in the first quarter. Alliancebernstein L.P. now owns 323,333 shares of the basic materials company’s stock valued at $2,955,000 after buying an additional 199,509 shares during the last quarter. Finally, Thomas White International Ltd. acquired a new position in Fibria Celulose during the first quarter valued at $1,292,000. Hedge funds and other institutional investors own 6.15% of the company’s stock.
Shares of Fibria Celulose (NYSE FBR) opened at 10.06 on Wednesday. The company’s 50 day moving average is $10.43 and its 200-day moving average is $9.49. Fibria Celulose has a one year low of $5.79 and a one year high of $11.95. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 18.29 and a beta of 0.09.
Fibria Celulose (NYSE:FBR) last issued its earnings results on Wednesday, April 26th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.08. The company had revenue of $663.26 million for the quarter. Fibria Celulose had a return on equity of 7.04% and a net margin of 10.55%. Equities analysts expect that Fibria Celulose will post $0.42 EPS for the current year.
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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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