Fibria Celulose (NYSE:FBR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $19.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.96% from the stock’s previous close.
According to Zacks, “Fibria Celulose S.A., is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantations, which is mainly targeted to the main consumer markets and is also used for their own manufacturing of paper products. The Company’s paper products can be divided into three major categories: uncoated and coated printing and writing papers; carbonless papers and thermal papers. Coated printing and writing paper is used for promotional materials, folders, internal sheets and cover of magazines, books, tabloids, inserts and mailing. Uncoated printing and writing paper is used in reels, sheets and cut-size designed for maximum performance in photocopying machines and laser and inkjet printers, and alkaline offset paper. Carbonless paper is used in producing multi-copy forms for credit card receipts, invoices and other applications. Thermal paper is used in fax machines, supermarket receipts, bar code labels, toll tickets and receipts for automated teller machines. “
A number of other research analysts have also recently commented on FBR. Goldman Sachs Group restated a “neutral” rating and set a $15.00 price objective on shares of Fibria Celulose in a research note on Monday, October 23rd. Santander cut Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Credit Suisse Group restated a “neutral” rating on shares of Fibria Celulose in a research note on Friday, December 1st. Finally, ValuEngine upgraded Fibria Celulose from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.83.
Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in shares of Fibria Celulose in the third quarter worth about $136,000. Mackenzie Financial Corp acquired a new position in shares of Fibria Celulose in the fourth quarter worth about $157,000. Toronto Dominion Bank lifted its stake in shares of Fibria Celulose by 150.0% in the fourth quarter. Toronto Dominion Bank now owns 15,000 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 9,000 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Fibria Celulose in the third quarter worth about $213,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Fibria Celulose in the second quarter worth about $166,000. Institutional investors and hedge funds own 7.03% of the company’s stock.
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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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