Fibria Celulose (FBR) Lifted to “Buy” at ValuEngine

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Fibria Celulose (NYSE:FBR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Fibria Celulose from a “strong sell” rating to a “hold” rating and set a $22.00 target price for the company in a research note on Monday, June 25th. FBR & Co lowered shares of Fibria Celulose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Fibria Celulose currently has a consensus rating of “Hold” and a consensus target price of $19.08.

FBR stock traded up $0.02 during midday trading on Friday, reaching $19.28. 846,800 shares of the company’s stock traded hands, compared to its average volume of 1,273,812. The firm has a market capitalization of $10.76 billion, a PE ratio of 31.61 and a beta of -0.09. The company has a current ratio of 2.39, a quick ratio of 1.89 and a debt-to-equity ratio of 1.28. Fibria Celulose has a 52 week low of $13.34 and a 52 week high of $22.05.

Fibria Celulose (NYSE:FBR) last announced its quarterly earnings results on Monday, July 23rd. The basic materials company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. The business had revenue of $1.32 billion during the quarter. Fibria Celulose had a net margin of 9.80% and a return on equity of 9.95%. On average, equities analysts predict that Fibria Celulose will post 1.74 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake 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 worth $125,634,000 after acquiring an additional 1,226,600 shares in the last quarter. FMR LLC grew its stake in shares of Fibria Celulose by 8.6% in the 2nd quarter. FMR LLC now owns 5,240,200 shares of the basic materials company’s stock worth $97,415,000 after acquiring an additional 413,700 shares in the last quarter. BlackRock Inc. grew its stake 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 worth $31,154,000 after acquiring an additional 260,339 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Fibria Celulose by 268.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 732,800 shares of the basic materials company’s stock worth $13,668,000 after acquiring an additional 534,100 shares in the last quarter. Finally, Standard Life Aberdeen plc bought a new stake in shares of Fibria Celulose in the 2nd quarter worth $7,217,000. Hedge funds and other 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.

Further Reading: Buyback

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Analyst Recommendations for Fibria Celulose (NYSE:FBR)

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