Fibria (FBR) Stock Rating Lowered by Citigroup

Citigroup lowered shares of Fibria (NYSE:FBR) from a buy rating to a neutral rating in a research note published on Wednesday, Marketbeat.com reports.

FBR has been the topic of a number of other research reports. Zacks Investment Research raised Fibria from a sell rating to a hold rating and set a $19.00 price objective on the stock in a research note on Wednesday, January 24th. Credit Suisse Group reissued a neutral rating on shares of Fibria in a research note on Friday, December 1st. ValuEngine raised Fibria from a hold rating to a buy rating in a research note on Sunday, December 31st. Santander lowered Fibria from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, HSBC lowered Fibria from a buy rating to a hold rating in a research note on Friday, March 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $16.94.

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FBR stock opened at $19.39 on Wednesday. The firm has a market capitalization of $10,740.80, a price-to-earnings ratio of 31.27 and a beta of -0.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.46 and a current ratio of 1.82. Fibria has a 12 month low of $8.57 and a 12 month high of $22.05.

Fibria (NYSE:FBR) last released its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.48). The company had revenue of $1.25 billion for the quarter. Fibria had a return on equity of 7.65% and a net margin of 9.38%. equities analysts forecast that Fibria will post 1.57 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Fibria in the 3rd quarter valued at $136,000. Mackenzie Financial Corp acquired a new position in shares of Fibria in the 4th quarter valued at $157,000. Toronto Dominion Bank lifted its stake in shares of Fibria by 150.0% in the 4th quarter. Toronto Dominion Bank now owns 15,000 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 9,000 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Fibria in the 3rd quarter valued at $213,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Fibria in the 4th quarter valued at $246,000. 7.27% of the stock is currently owned by institutional investors and hedge funds.

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Fibria Company Profile

Fibria Celulose SA produces, sells, and exports short fiber pulp in Brazil and internationally. It manufactures and sells bleached eucalyptus kraft pulp. The company has approximately 1,056,000 hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul, and Bahia.

Analyst Recommendations for Fibria (NYSE:FBR)

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