Suzano (NYSE:SUZ) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Suzano (NYSE:SUZ) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group initiated coverage on Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.40.

Suzano Trading Up 0.4%

Shares of SUZ opened at $10.72 on Monday. Suzano has a 1-year low of $8.41 and a 1-year high of $11.53. The company has a market capitalization of $13.29 billion, a P/E ratio of 5.67, a P/E/G ratio of 0.21 and a beta of 0.67. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 2.59. The firm’s 50 day simple moving average is $10.16 and its 200 day simple moving average is $9.55.

Suzano (NYSE:SUZ) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. Sell-side analysts forecast that Suzano will post 1.93 earnings per share for the current fiscal year.

Suzano Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, February 11th. Investors of record on Monday, December 22nd were given a $0.2036 dividend. The ex-dividend date was Monday, December 22nd. Suzano’s dividend payout ratio (DPR) is presently 9.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Suzano by 11,502.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after buying an additional 4,256 shares during the period. Parallel Advisors LLC increased its stake in Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after purchasing an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the period. Virtu Financial LLC bought a new stake in Suzano in the third quarter valued at approximately $94,000. Finally, Vident Advisory LLC purchased a new stake in shares of Suzano during the second quarter valued at approximately $97,000. 2.55% of the stock is owned by institutional investors.

Suzano Company Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.