Fibria Celulose S.A. (NYSE:FBR) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Fibria Celulose S.A. (NYSE:FBR) from a buy rating to a hold rating in a research note published on Tuesday, August 1st.

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 analysts also recently weighed in on the stock. TheStreet downgraded shares of Fibria Celulose from a c rating to a d+ rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Fibria Celulose from a sell rating to a hold rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co upgraded shares of Fibria Celulose from a neutral rating to an overweight rating and lifted their price objective for the company from $10.00 to $13.50 in a research report on Wednesday, June 14th. ValuEngine downgraded shares of Fibria Celulose from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group upgraded shares of Fibria Celulose from a neutral rating to an outperform rating in a research report on Friday, May 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Fibria Celulose has a consensus rating of Buy and a consensus target price of $12.75.

Shares of Fibria Celulose (FBR) traded up 0.50% on Tuesday, hitting $12.12. 1,395,786 shares of the stock were exchanged. The firm’s 50 day moving average price is $10.74 and its 200 day moving average price is $9.80. The firm’s market cap is $6.76 billion. Fibria Celulose has a one year low of $6.24 and a one year high of $12.45.

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A number of institutional investors have recently added to or reduced their stakes in FBR. Arrowstreet Capital Limited Partnership boosted its position in Fibria Celulose by 1,120.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,608,750 shares of the basic materials company’s stock valued at $36,665,000 after buying an additional 3,313,150 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in Fibria Celulose during the second quarter valued at approximately $27,875,000. FMR LLC boosted its position in Fibria Celulose by 33.4% in the second quarter. FMR LLC now owns 6,633,800 shares of the basic materials company’s stock valued at $67,399,000 after buying an additional 1,660,000 shares during the last quarter. Partners Value Investments LP bought a new position in Fibria Celulose during the first quarter valued at approximately $5,945,000. Finally, Goldman Sachs Group Inc. boosted its position in Fibria Celulose by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock valued at $10,597,000 after buying an additional 642,400 shares during the last quarter. 5.83% of the stock is currently owned by hedge funds and other institutional investors.

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).

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