Deutsche Bank (DB) Analysts Downgrade Fibria Celulose S.A. (FBR) Shares to "Hold"
Monday, July 11, 2021 1:41 PM

Equities research analysts at Deutsche Bank (NYSE: DB) downgraded shares of Fibria Celulose S.A. (NYSE: FBR) from a "buy" rating to a "hold" rating in a research note to investors on Monday.

Separately, analysts at Goldman Sachs (NYSE: GS) downgraded shares of Fibria Celulose S.A. from a "buy" rating to a "neutral" rating in a research note to investors on Friday. Also, analysts at Scotia Capital upgraded shares of Fibria Celulose S.A. from a "sector perform" rating to an "outperform" rating in a research note to investors on Friday, April 15th.

Shares of Fibria Celulose S.A. traded down 5.18% during mid-day trading on Tuesday, hitting $12.27. Fibria Celulose S.A. has a 52 week low of $13.54 and a 52 week high of $19.55. The stock's 50-day moving average is $15.30 and its 200-day moving average is $15.62. The company has a market cap of $5.737 billion and a price-to-earnings ratio of 9.69.

Fibria Celulose S.A. (Fibria), formerly Votorantim Celulose e Papel S.A., is a Brazil-based producer of market pulp. During the year ended December 31, 2009, it produced 4,789 kilotons of eucalyptus pulp (including 50% of Veracel). Its forest base is diversified and comprised a land area of approximately 1.043 million hectares located in six Brazilian states. Out of this total, 585.1 thousand hectares consisted of forested areas and 393.4 thousand hectares of wild life conservation areas. Fibria produces bleached eucalyptus kraft pulp at three pulp mills, the Aracruz pulp mill, which has an annual production capacity of 2.3 million tons; the Tres Lagoas pulp mill, which has an annual production capacity of 1.3 million tons, and the Jacarei pulp mill, which has an annual production capacity of 1.1 million tons.

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