Morgan Stanley upgraded shares of Fibria Celulose SA (NYSE:FBR) from an equal weight rating to an overweight rating in a research note released on Tuesday.

Separately, Zacks Investment Research raised shares of Fibria Celulose SA from a hold rating to a buy rating and set a $9.50 price objective on the stock in a research note on Monday, November 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $21.07.

Fibria Celulose SA (NYSE:FBR) opened at 9.72 on Tuesday. The company has a market cap of $5.57 billion, a PE ratio of 6.87 and a beta of 0.44. The firm has a 50 day moving average price of $7.93 and a 200 day moving average price of $7.39. Fibria Celulose SA has a 12-month low of $5.79 and a 12-month high of $13.89.

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Hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in Fibria Celulose SA during the second quarter valued at approximately $102,000. Princeton Alpha Management LP bought a new stake in Fibria Celulose SA during the third quarter valued at approximately $109,000. Global X Management Co. LLC boosted its stake in Fibria Celulose SA by 3.7% in the second quarter. Global X Management Co. LLC now owns 16,729 shares of the company’s stock valued at $113,000 after buying an additional 595 shares during the period. First Trust Advisors LP boosted its stake in Fibria Celulose SA by 90.5% in the third quarter. First Trust Advisors LP now owns 22,939 shares of the company’s stock valued at $162,000 after buying an additional 10,896 shares during the period. Finally, US Bancorp DE boosted its stake in Fibria Celulose SA by 6,476.7% in the second quarter. US Bancorp DE now owns 25,386 shares of the company’s stock valued at $172,000 after buying an additional 25,000 shares during the period. 6.95% of the stock is currently owned by institutional investors and hedge funds.

Fibria Celulose SA Company Profile

Fibria Celulose SA (Fibria) is a Brazil-based pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.

5 Day Chart for NYSE:FBR

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