Fibria Celulose (FBR) Stock Rating Lowered by Zacks Investment Research

Fibria Celulose (NYSE:FBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “

FBR has been the subject of a number of other reports. ValuEngine downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. FBR & Co downgraded shares of Fibria Celulose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Fibria Celulose currently has a consensus rating of “Hold” and an average price target of $19.08.

Shares of NYSE FBR opened at $18.68 on Tuesday. The firm has a market capitalization of $10.09 billion, a P/E ratio of 30.62 and a beta of -0.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.39 and a quick ratio of 1.89. Fibria Celulose has a 1-year low of $12.28 and a 1-year high of $22.05.

Fibria Celulose (NYSE:FBR) last posted its quarterly earnings data on Monday, July 23rd. The basic materials company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. Fibria Celulose had a net margin of 9.81% and a return on equity of 9.97%. The company had revenue of $1.32 billion during the quarter. sell-side analysts expect that Fibria Celulose will post 1.74 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of Fibria Celulose by 4.5% during the 2nd quarter. Northern Trust Corp now owns 229,584 shares of the basic materials company’s stock worth $4,267,000 after buying an additional 9,970 shares during the last quarter. FMR LLC boosted its stake in shares of Fibria Celulose by 8.6% during the 2nd quarter. FMR LLC now owns 5,240,200 shares of the basic materials company’s stock worth $97,415,000 after buying an additional 413,700 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Fibria Celulose by 70.8% in the 2nd quarter. Verition Fund Management LLC now owns 24,371 shares of the basic materials company’s stock valued at $453,000 after purchasing an additional 10,102 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Fibria Celulose by 22.2% in the 2nd quarter. Renaissance Technologies LLC now owns 6,758,128 shares of the basic materials company’s stock valued at $125,634,000 after purchasing an additional 1,226,600 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Fibria Celulose by 18.4% in the 2nd quarter. BlackRock Inc. now owns 1,675,856 shares of the basic materials company’s stock valued at $31,154,000 after purchasing an additional 260,339 shares during the period. Institutional investors own 6.94% of the company’s stock.

About Fibria Celulose

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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