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

Suzano (NYSE:SUZ) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

SUZ has been the subject of several other research reports. Bank of America cut Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Tuesday, April 7th. Weiss Ratings downgraded shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.20.

Suzano Price Performance

Shares of NYSE:SUZ opened at $8.15 on Monday. The company has a market cap of $10.10 billion, a PE ratio of 4.85, a P/E/G ratio of 0.18 and a beta of 0.55. Suzano has a fifty-two week low of $8.00 and a fifty-two week high of $11.53. The firm has a 50-day simple moving average of $8.90 and a 200 day simple moving average of $9.48. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81.

Institutional Investors Weigh In On Suzano

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in shares of Suzano by 4,452.8% during the 4th quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock worth $68,678,000 after acquiring an additional 7,191,583 shares in the last quarter. State Street Corp raised its holdings in Suzano by 17.5% during the 4th quarter. State Street Corp now owns 5,667,599 shares of the company’s stock worth $54,086,000 after buying an additional 843,296 shares during the period. Goldman Sachs Group Inc. lifted its stake in Suzano by 30.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after buying an additional 1,037,976 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. boosted its holdings in shares of Suzano by 565.2% in the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock worth $25,918,000 after buying an additional 2,200,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Suzano by 323.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock worth $17,555,000 after buying an additional 1,435,994 shares during the period. 2.55% of the stock is currently 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.