Suzano (NYSE:SUZ) Sets New 1-Year Low – What’s Next?

Suzano S.A. Sponsored ADR (NYSE:SUZ) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.19 and last traded at $8.3750, with a volume of 4169951 shares. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

SUZ has been the subject of a number of research reports. Bank of America downgraded shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, April 7th. Jefferies Financial Group initiated coverage on shares of Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target for the company. Zacks Research downgraded shares of Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings raised shares of Suzano from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.20.

Suzano Trading Up 2.0%

The company has a market cap of $10.39 billion, a price-to-earnings ratio of 4.99, a PEG ratio of 0.18 and a beta of 0.59. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The business’s 50 day moving average price is $9.48 and its 200-day moving average price is $9.57.

Institutional Investors Weigh In On Suzano

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its position 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 acquiring an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Suzano in the 1st quarter valued at about $51,000. Parallel Advisors LLC increased its position in Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after acquiring an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 valued at $93,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Suzano in the 1st quarter valued at about $100,000. Institutional investors and hedge funds own 2.55% of the company’s stock.

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.