Fibria Celulose S.A. (FBR) Stock Rating Reaffirmed by Goldman Sachs Group, Inc. (The)

Fibria Celulose S.A. (NYSE:FBR)‘s stock had its “neutral” rating reissued by Goldman Sachs Group, Inc. (The) in a research report issued on Monday. They presently have a $15.00 price objective on the basic materials company’s stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential downside of 8.87% from the stock’s current price.

A number of other research firms have also commented on FBR. Zacks Investment Research lowered Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub upgraded Fibria Celulose from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Citigroup Inc. upgraded Fibria Celulose from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th. Finally, TheStreet lowered Fibria Celulose from a “c” rating to a “d+” rating in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Fibria Celulose currently has a consensus rating of “Buy” and a consensus target price of $14.17.

Shares of Fibria Celulose (FBR) opened at 16.46 on Monday. The company has a 50-day moving average price of $14.31 and a 200 day moving average price of $11.55. The firm’s market cap is $9.10 billion. Fibria Celulose has a 52 week low of $7.49 and a 52 week high of $17.21.

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Several institutional investors and hedge funds have recently modified their holdings of FBR. Arrowstreet Capital Limited Partnership increased its stake in shares of Fibria Celulose by 1,120.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,608,750 shares of the basic materials company’s stock valued at $36,665,000 after purchasing an additional 3,313,150 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in shares of Fibria Celulose in the 2nd quarter valued at $27,875,000. FMR LLC increased its stake in shares of Fibria Celulose by 33.4% in the 2nd quarter. FMR LLC now owns 6,633,800 shares of the basic materials company’s stock valued at $67,399,000 after purchasing an additional 1,660,000 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Fibria Celulose by 124.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock valued at $10,597,000 after purchasing an additional 642,400 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Fibria Celulose by 161.1% in the 1st quarter. Alliancebernstein L.P. now owns 323,333 shares of the basic materials company’s stock valued at $2,955,000 after purchasing an additional 199,509 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

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).

Analyst Recommendations for Fibria Celulose (NYSE:FBR)

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