Fibria Celulose (FBR) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Fibria Celulose (NYSE:FBR) from a sell rating to a hold rating in a research note published on Wednesday.

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. “

Several other research firms have also recently weighed in on FBR. Goldman Sachs Group reissued a neutral rating and set a $15.00 price objective on shares of Fibria Celulose in a report on Monday, October 23rd. ValuEngine raised shares of Fibria Celulose from a hold rating to a buy rating in a report on Sunday, December 31st. Credit Suisse Group reissued a neutral rating on shares of Fibria Celulose in a report on Friday, December 1st. Finally, Santander cut shares of Fibria Celulose from a buy rating to a hold rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $14.17.

Fibria Celulose (NYSE FBR) traded up $0.06 on Wednesday, hitting $14.60. 736,200 shares of the stock traded hands, compared to its average volume of 758,333. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.96 and a quick ratio of 1.55. Fibria Celulose has a 1 year low of $7.98 and a 1 year high of $17.21. The stock has a market capitalization of $8,054.21, a PE ratio of 35.61 and a beta of -0.11.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBR. Virtu KCG Holdings LLC increased its holdings in Fibria Celulose by 20.0% during the second quarter. Virtu KCG Holdings LLC now owns 41,381 shares of the basic materials company’s stock valued at $420,000 after buying an additional 6,904 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Fibria Celulose by 22.6% during the second quarter. Lazard Asset Management LLC now owns 37,893 shares of the basic materials company’s stock valued at $384,000 after buying an additional 6,973 shares during the last quarter. Trexquant Investment LP increased its holdings in Fibria Celulose by 31.8% during the third quarter. Trexquant Investment LP now owns 32,698 shares of the basic materials company’s stock valued at $443,000 after buying an additional 7,887 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Fibria Celulose by 82.5% during the second quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock valued at $196,000 after buying an additional 8,743 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Fibria Celulose during the third quarter valued at approximately $136,000. 7.07% of the stock is owned by hedge funds and other institutional investors.

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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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