Suzano (NYSE:SUZ) Stock Rating Lowered by Zacks Research

Suzano (NYSE:SUZ) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on SUZ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Jefferies Financial Group started coverage on Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.40.

Suzano Stock Up 0.4%

Suzano stock opened at $10.72 on Monday. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 2.09. Suzano has a 1-year low of $8.41 and a 1-year high of $11.53. The company has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $9.55. The company has a market cap of $13.29 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 0.21 and a beta of 0.67.

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

Institutional Investors Weigh In On Suzano

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

About Suzano

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.