Fibria Celulose SA (NYSE:FBR) has been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.25.
Several equities analysts recently weighed in on FBR shares. Zacks Investment Research raised shares of Fibria Celulose from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, September 26th. Santander cut shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Credit Suisse Group reissued a “neutral” rating on shares of Fibria Celulose in a research note on Friday, December 1st. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price objective on shares of Fibria Celulose in a research note on Monday, October 23rd.
Several large investors have recently modified their holdings of FBR. Vanguard Group Inc. grew its stake in shares of Fibria Celulose by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 1,430,221 shares of the basic materials company’s stock worth $13,072,000 after buying an additional 118,800 shares in the last quarter. Aperio Group LLC grew its stake in shares of Fibria Celulose by 3.9% in the 2nd quarter. Aperio Group LLC now owns 47,876 shares of the basic materials company’s stock worth $486,000 after buying an additional 1,805 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Fibria Celulose in the 2nd quarter worth $1,375,000. Airain ltd purchased a new position in shares of Fibria Celulose in the 2nd quarter worth $1,458,000. Finally, Thomas White International Ltd. grew its stake in shares of Fibria Celulose by 10.1% in the 2nd quarter. Thomas White International Ltd. now owns 155,638 shares of the basic materials company’s stock worth $1,581,000 after buying an additional 14,267 shares in the last quarter. 7.07% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This piece was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2017/12/22/fibria-celulose-sa-fbr-receives-average-recommendation-of-buy-from-brokerages.html.
Fibria Celulose Company Profile
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).
Receive News & Ratings for Fibria Celulose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fibria Celulose and related companies with MarketBeat.com's FREE daily email newsletter.