Is Fibria Celulose S.A (NYSE:FBR) a Stock to Watch Now That Goldman Has Begun Covering It?


How Goldman Currently Rates Fibria Celulose S.A (NYSE:FBR)

Analysts at Goldman began coverage for shares of Fibria Celulose S.A (NYSE:FBR) in an analyst research report distributed to Clients on 14 December. The brokerage set a “Neutral” rating on the $7.03B market cap firm.

From a total of 10 analysts covering Fibria Celulose (NYSE:FBR) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is $71.23 while the lowest target price is $51.36. The mean of all analyst targets is $62.55 with a 23.25% above today’s ($12.86) stock price. Fibria Celulose was the topic of 4 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on October 9 to “Buy” rating. Morgan Stanley upgraded FBR stock in a recent report from July 24 to “Equal Weight” rating.

Approximately 449,512 shares of stock traded hands. Fibria Celulose SA (ADR) (NYSE:FBR) has declined 9.23% since May 11, 2015 and is downtrending. It has underperformed by 4.81% the S&P500.

The overall sentiment of institutions has decreased to 0.83 in Q2 2015. Its down 0.48, from 1.31 in 2015Q2. The ratio is negative, as 23 institutions have sold all the shares of Fibria Celulose SA (ADR) that they owned while 52 funds have taken shares off the table. 15 funds have purchased shares for the first time while 47 added to their positions. These institutions now hold 37.41 million shares or 14.45% more than the 32.68 million shares they owned in 2015Q2.

The Fund Standard Pacific Capital Llc Ca currently is holding shares equating to 4.02% of its total portfolio in Fibria Celulose SA (ADR) representing a total of 296,400 shares. Another fund,Capital Innovations Llc, is holding a total of 164,238 shares equating to 2.53% of their holdings. Additionally, American Financial Group Inc has a 1.43 million share stake in Fibria Celulose SA (ADR) which represents 1.45% of their total portfolio. The Fund, Grace & White Inc Ny, based out of New York, has also built up a stake in the stock, which represents a total of 1.24% of their total portfolio. Finally Cedar Hill Associates Llc, a fund which is based in the state of Illinois reported a total holdings of 313,300 shares.

Fibria Celulose SA, formerly Votorantim Celulose e Papel SA, is a Brazil firm involved in the production and sale of short fiber pulp. The company has a market cap of $7.03 billion. The Firm operates pulp manufacturing plants in Aracruz , Tres Lagoas (Mato Grosso do Sul), Jacarei (Sao Paulo) and Veracel (Bahia). It currently has negative earnings. Additionally, the Company is engaged in the cultivation of eucalyptus.

According to Zacks Investment Research, “Fibria Celulose S.A., is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantations, which is mainly targeted to the main consumer markets and is also used for their own manufacturing of paper products. The Company’s paper products can be divided into three major categories: uncoated and coated printing and writing papers; carbonless papers and thermal papers. Coated printing and writing paper is used for promotional materials, folders, internal sheets and cover of magazines, books, tabloids, inserts and mailing. Uncoated printing and writing paper is used in reels, sheets and cut-size designed for maximum performance in photocopying machines and laser and inkjet printers, and alkaline offset paper. Carbonless paper is used in producing multi-copy forms for credit card receipts, invoices and other applications. Thermal paper is used in fax machines, supermarket receipts, bar code labels, toll tickets and receipts for automated teller machines.”