Fibria Celulose S.A. (FBR) Shares Gap Up to $16.07

Shares of Fibria Celulose S.A. (NYSE:FBR) gapped up prior to trading on Friday . The stock had previously closed at $16.47, but opened at $16.07. Fibria Celulose shares last traded at $15.37, with a volume of 1714664 shares traded.

A number of analysts recently commented on the company. BidaskClub upgraded Fibria Celulose from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. upgraded Fibria Celulose from a “neutral” rating to a “buy” rating in a research report on Monday, August 14th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $15.00 target price on shares of Fibria Celulose in a research report on Monday, October 23rd. Finally, TheStreet lowered Fibria Celulose from a “c” rating to a “d+” rating in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $14.17.

The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 1.20.

Several large investors have recently added to or reduced their stakes in the company. Aperio Group LLC lifted its holdings in shares of Fibria Celulose by 3.9% during the 2nd quarter. Aperio Group LLC now owns 47,876 shares of the basic materials company’s stock valued at $486,000 after purchasing an additional 1,805 shares in the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of Fibria Celulose by 20.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 41,381 shares of the basic materials company’s stock valued at $420,000 after purchasing an additional 6,904 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Fibria Celulose by 22.6% during the 2nd quarter. Lazard Asset Management LLC now owns 37,893 shares of the basic materials company’s stock valued at $384,000 after purchasing an additional 6,973 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of Fibria Celulose by 31.8% during the 3rd quarter. Trexquant Investment LP now owns 32,698 shares of the basic materials company’s stock valued at $443,000 after purchasing an additional 7,887 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Fibria Celulose by 82.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 8,743 shares in the last quarter. Institutional investors and hedge funds own 7.22% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/11/12/fibria-celulose-s-a-fbr-shares-gap-up-to-16-07.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 S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fibria Celulose S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply