Fibria Celulose S.A. (FBR) : Traders are bullish on Fibria Celulose S.A. (FBR) as it has outperformed the S&P 500 by a wide margin of 6.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.61% in the last 1 week, and is up 6.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.52% and the fifty day Moving Average is 0.95%. Fibria Celulose S.A. has dropped 27.03% during the last three month period . Year-to-Date the stock performance stands at -47.41%.
Fibria Celulose S.A. (FBR) : The highest level Fibria Celulose S.A. (FBR) is projected to reach is $13 for the short term and the lowest estimate is at $7. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $8.8 and the possibility the share price can swing is $3.2.
Fibria Celulose S.A. (NYSE:FBR): stock turned positive on Friday. Though the stock opened at $6.49, the bulls momentum made the stock top out at $6.63 level for the day. The stock recorded a low of $6.4 and closed the trading day at $6.56, in the green by 1.08%. The total traded volume for the day was 2,634,576. The stock had closed at $6.49 in the previous days trading.
Fibria Celulose SA, formerly Votorantim Celulose e Papel SA, is a Brazil-based company involved in the production and sale of short fiber pulp. The Company operates pulp manufacturing plants in Aracruz (Espirito Santo), Tres Lagoas (Mato Grosso do Sul), Jacarei (Sao Paulo) and Veracel (Bahia). Additionally, the Company is engaged in the cultivation of eucalyptus. It has plantations in the Brazilian states of Sao Paulo, Minas Gerais, Rio de Janeiro, Mato Grosso do Sul, Bahia and Espirito Santo. In 2011, the Company sold a business unit active in paper production. The Company has a number of subsidiaries in Brazil and abroad, including Normus Empreendimentos e Participacoes Ltda, Fibria Overseas Finance Ltd and Fibria Celulose (USA) Inc, among others. On October, 2013, the Company announced merger by incorporation of Normus Empreendimentos e Participacoes Ltda, a wholly-owned subsidiary of the Company, in order to simplify the corporate structure.