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. “
FBR has been the topic of several other research reports. Bank of America Corp. cut Fibria Celulose SA from a buy rating to a neutral rating in a research report on Thursday, July 21st. Morgan Stanley cut Fibria Celulose SA from an overweight rating to an equal weight rating and set a $6.90 price objective on the stock. in a research report on Tuesday, July 26th. Finally, FBR & Co cut Fibria Celulose SA from an outperform rating to a market perform rating in a research report on Wednesday, July 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Fibria Celulose SA has an average rating of Hold and an average target price of $20.57.
Fibria Celulose SA (NYSE:FBR) opened at 7.21 on Monday. Fibria Celulose SA has a 12-month low of $5.79 and a 12-month high of $14.94. The company has a market capitalization of $4.00 billion, a PE ratio of 6.46 and a beta of 0.71. The company has a 50 day moving average price of $6.90 and a 200-day moving average price of $7.65.
Hedge funds have recently added to or reduced their stakes in the company. Deltec Asset Management LLC raised its stake in Fibria Celulose SA by 52.6% in the second quarter. Deltec Asset Management LLC now owns 150,900 shares of the company’s stock valued at $1,020,000 after buying an additional 52,000 shares during the period. Daiwa Securities Group Inc. raised its stake in Fibria Celulose SA by 8.6% in the second quarter. Daiwa Securities Group Inc. now owns 156,400 shares of the company’s stock valued at $1,057,000 after buying an additional 12,400 shares during the period. Royal Bank of Canada raised its stake in Fibria Celulose SA by 1,778.6% in the first quarter. Royal Bank of Canada now owns 13,150 shares of the company’s stock valued at $111,000 after buying an additional 12,450 shares during the period. Sensato Investors LLC bought a new stake in Fibria Celulose SA during the first quarter valued at about $1,694,000. Finally, Barclays PLC raised its stake in Fibria Celulose SA by 40,808.1% in the first quarter. Barclays PLC now owns 50,726 shares of the company’s stock valued at $406,000 after buying an additional 50,602 shares during the period. 8.09% of the stock is currently owned by institutional investors.
Fibria Celulose SA Company Profile
Fibria Celulose SA (Fibria) is a Brazil-based pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.
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