It Seems Fibria Celulose SA (ADR) Will Go Down. Just Reaches 52-Week Low

The stock of Fibria Celulose SA (ADR) (NYSE:FBR) hit a new 52-week low and has $9.39 target or 6.00% below today’s $9.99 share price. The 8 months bearish chart indicates high risk for the $5.56 billion company. The 1-year low was reported on Feb, 4 by If the $9.39 price target is reached, the company will be worth $333.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.79% or $0.08 during the last trading session, hitting $9.99. About 1.27 million shares traded hands or 23.30% up from the average. Fibria Celulose SA (ADR) (NYSE:FBR) has declined 26.60% since June 30, 2015 and is downtrending. It has underperformed by 19.08% the S&P500.

Out of 10 analysts covering Fibria Celulose (NYSE:FBR), 6 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Fibria Celulose was the topic in 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc.

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.”

The institutional sentiment decreased to 0.83 in Q3 2015. Its down 0.48, from 1.31 in 2015Q2. The ratio fall, as 23 funds sold all Fibria Celulose SA (ADR) shares owned while 52 reduced positions. 15 funds bought stakes while 47 increased positions. They now own 37.41 million shares or 14.45% more from 32.68 million shares in 2015Q2.

Standard Pacific Capital Llc Ca holds 4.02% of its portfolio in Fibria Celulose SA (ADR) for 296,400 shares. Capital Innovations Llc owns 164,238 shares or 2.53% of their US portfolio. Moreover, American Financial Group Inc has 1.45% invested in the company for 1.43 million shares. The New York-based Grace & White Inc Ny has invested 1.24% in the stock. Cedar Hill Associates Llc, a Illinois-based fund reported 313,300 shares.

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