Fibria Celulose S.A. (FBR) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Fibria Celulose S.A. (NYSE:FBR) from a buy rating to a hold rating in a research report released on Tuesday.

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. “

A number of other equities analysts have also issued reports on FBR. BidaskClub raised shares of Fibria Celulose from a hold rating to a buy rating in a research report on Wednesday, August 9th. Citigroup Inc. raised shares of Fibria Celulose from a neutral rating to a buy rating in a report on Monday, August 14th. TheStreet lowered shares of Fibria Celulose from a c rating to a d+ rating in a report on Wednesday, July 26th. Finally, J P Morgan Chase & Co raised shares of Fibria Celulose from a neutral rating to an overweight rating and boosted their price target for the company from $10.00 to $13.50 in a report on Wednesday, June 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $13.75.

Fibria Celulose (NYSE FBR) opened at 15.20 on Tuesday. Fibria Celulose has a 52-week low of $7.12 and a 52-week high of $15.23. The company’s market capitalization is $8.41 billion. The stock has a 50 day moving average of $13.43 and a 200-day moving average of $11.03.

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A number of institutional investors have recently made changes to their positions in FBR. Two Sigma Securities LLC bought a new stake in Fibria Celulose in the 1st quarter valued at $107,000. Quantbot Technologies LP bought a new stake in Fibria Celulose in the 2nd quarter valued at $115,000. Cubist Systematic Strategies LLC bought a new stake in Fibria Celulose in the 2nd quarter valued at $166,000. Tower Research Capital LLC TRC increased its holdings in Fibria Celulose by 6,485.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 18,439 shares of the basic materials company’s stock valued at $169,000 after buying an additional 18,159 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Fibria Celulose by 123.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,922 shares of the basic materials company’s stock valued at $195,000 after buying an additional 11,000 shares during the period. 7.11% 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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