Fibria Celulose (NYSE:FBR) Downgraded by FBR & Co to Neutral

FBR & Co downgraded shares of Fibria Celulose (NYSE:FBR) from an outperform rating to a neutral rating in a research note released on Wednesday, September 12th, The Fly reports.

A number of other equities research analysts have also weighed in on FBR. ValuEngine lowered shares of Fibria Celulose from a strong-buy rating to a buy rating in a research note on Saturday, June 2nd. Zacks Investment Research lowered shares of Fibria Celulose from a hold rating to a strong sell rating in a research note on Tuesday, June 12th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. Fibria Celulose has a consensus rating of Hold and a consensus target price of $19.08.

Fibria Celulose stock traded up $0.13 during trading hours on Wednesday, reaching $18.67. The stock had a trading volume of 1,094,022 shares, compared to its average volume of 1,281,357. The firm has a market cap of $10.26 billion, a PE ratio of 30.61 and a beta of -0.09. Fibria Celulose has a 52 week low of $13.34 and a 52 week high of $22.05. The company has a quick ratio of 1.89, a current ratio of 2.39 and a debt-to-equity ratio of 1.28.

Fibria Celulose (NYSE:FBR) last announced its quarterly earnings results on Monday, July 23rd. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $1.32 billion for the quarter. Fibria Celulose had a net margin of 9.80% and a return on equity of 9.95%. As a group, sell-side analysts expect that Fibria Celulose will post 1.74 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in FBR. Aperio Group LLC boosted its stake in shares of Fibria Celulose by 46.0% during the 1st quarter. Aperio Group LLC now owns 69,358 shares of the basic materials company’s stock valued at $1,352,000 after purchasing an additional 21,858 shares in the last quarter. Thomas White International Ltd. lifted its position in Fibria Celulose by 9.0% during the 1st quarter. Thomas White International Ltd. now owns 193,082 shares of the basic materials company’s stock valued at $3,765,000 after acquiring an additional 15,947 shares during the period. Banco BTG Pactual S.A. purchased a new position in Fibria Celulose during the 1st quarter valued at about $2,036,000. UBS Group AG lifted its position in Fibria Celulose by 193.1% during the 1st quarter. UBS Group AG now owns 27,939 shares of the basic materials company’s stock valued at $545,000 after acquiring an additional 18,406 shares during the period. Finally, Jane Street Group LLC lifted its position in Fibria Celulose by 602.1% during the 1st quarter. Jane Street Group LLC now owns 79,530 shares of the basic materials company’s stock valued at $1,551,000 after acquiring an additional 68,202 shares during the period. 6.94% of the stock is currently owned by hedge funds and other institutional investors.

Fibria Celulose 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.

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