HSBC cut shares of Fibria (NYSE:FBR) from a buy rating to a hold rating in a research note released on Friday, Marketbeat.com reports.
FBR has been the subject of a number of other reports. Zacks Investment Research raised Fibria from a sell rating to a hold rating and set a $19.00 price target for the company in a research note on Wednesday, January 24th. Credit Suisse Group reaffirmed a neutral rating on shares of Fibria in a research report on Friday, December 1st. ValuEngine raised Fibria from a hold rating to a buy rating in a research report on Sunday, December 31st. Santander lowered Fibria from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, Goldman Sachs reaffirmed a sell rating on shares of Fibria in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Fibria has a consensus rating of Buy and an average price target of $16.94.
Shares of Fibria stock opened at $19.46 on Friday. Fibria has a one year low of $8.57 and a one year high of $22.05. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $10,785.11, a P/E ratio of 31.39 and a beta of -0.10.
Fibria (NYSE:FBR) last issued its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.48). Fibria had a return on equity of 7.65% and a net margin of 9.38%. The business had revenue of $1.25 billion for the quarter. analysts anticipate that Fibria will post 1.57 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Banco de Sabadell S.A bought a new stake in Fibria during the 4th quarter valued at $326,000. Verition Fund Management LLC raised its position in Fibria by 25.7% during the 4th quarter. Verition Fund Management LLC now owns 38,169 shares of the basic materials company’s stock valued at $561,000 after purchasing an additional 7,808 shares in the last quarter. Sensato Investors LLC raised its position in Fibria by 3.6% during the 4th quarter. Sensato Investors LLC now owns 1,861,609 shares of the basic materials company’s stock valued at $27,366,000 after purchasing an additional 65,541 shares in the last quarter. HBK Investments L P raised its position in shares of Fibria by 163.0% in the 4th quarter. HBK Investments L P now owns 117,825 shares of the basic materials company’s stock worth $1,732,000 after acquiring an additional 73,025 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Fibria by 127,067.2% in the 4th quarter. Deutsche Bank AG now owns 81,387 shares of the basic materials company’s stock worth $1,196,000 after acquiring an additional 81,323 shares in the last quarter. 7.27% of the stock is owned by institutional investors and hedge funds.
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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