Santander Downgrades Fibria Celulose (FBR) to Hold
Fibria Celulose (NYSE:FBR) was downgraded by analysts at Santander from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
A number of other research firms also recently commented on FBR. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Fibria Celulose in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub raised shares of Fibria Celulose from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Citigroup raised shares of Fibria Celulose from a “neutral” rating to a “buy” rating in a research report on Monday, August 14th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $14.17.
Fibria Celulose (NYSE FBR) traded down $0.17 during midday trading on Friday, hitting $13.73. 689,955 shares of the company were exchanged, compared to its average volume of 1,514,622. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.96 and a quick ratio of 1.55. The stock has a market cap of $8,436.43, a P/E ratio of 37.15 and a beta of -0.08. Fibria Celulose has a 1 year low of $7.98 and a 1 year high of $17.21.
ILLEGAL ACTIVITY WARNING: “Santander Downgrades Fibria Celulose (FBR) to Hold” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/01/santander-downgrades-fibria-celulose-fbr-to-hold.html.
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).
Receive News & Ratings for Fibria Celulose S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fibria Celulose S.A. and related companies with MarketBeat.com's FREE daily email newsletter.