Fibria Celulose S.A. (FBR) Given Average Rating of “Buy” by Brokerages
Shares of Fibria Celulose S.A. (NYSE:FBR) have been given an average recommendation of “Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.75.
A number of analysts have commented on the stock. BidaskClub raised shares of Fibria Celulose from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Fibria Celulose from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, June 14th. ValuEngine cut shares of Fibria Celulose from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. J P Morgan Chase & Co raised shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and upped their target price for the company from $10.00 to $13.50 in a report on Wednesday, June 14th. Finally, Credit Suisse Group raised shares of Fibria Celulose from a “neutral” rating to an “outperform” rating in a report on Friday, May 19th.
Several institutional investors have recently modified their holdings of the company. Partners Value Investments LP bought a new position in shares of Fibria Celulose during the first quarter worth $5,945,000. Thomas White International Ltd. bought a new position in shares of Fibria Celulose during the first quarter worth $1,292,000. Lazard Asset Management LLC raised its position in shares of Fibria Celulose by 66.9% in the first quarter. Lazard Asset Management LLC now owns 30,920 shares of the basic materials company’s stock worth $282,000 after buying an additional 12,389 shares in the last quarter. Sensato Investors LLC bought a new position in shares of Fibria Celulose during the first quarter worth $246,000. Finally, Comerica Bank raised 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 in the last quarter. Hedge funds and other institutional investors own 6.14% of the company’s stock.
Shares of Fibria Celulose (FBR) traded down 1.96% during midday trading on Tuesday, hitting $10.49. 197,862 shares of the stock traded hands. Fibria Celulose has a 52 week low of $5.79 and a 52 week high of $11.95. The company’s 50-day moving average is $10.63 and its 200 day moving average is $9.63. The firm has a market capitalization of $5.81 billion, a PE ratio of 18.44 and a beta of 0.03.
Fibria Celulose (NYSE:FBR) last announced its earnings results on Wednesday, April 26th. The basic materials company reported $0.19 EPS for the quarter, missing the Zacks’ 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 for the quarter. Analysts anticipate that Fibria Celulose will post $0.50 earnings per share for the current year.
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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