Suzano (NYSE:SUZ) Rating Increased to Equal Weight at Morgan Stanley

Suzano (NYSE:SUZGet Free Report) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a note issued to investors on Monday, MarketBeat reports.

Suzano Stock Down 6.0 %

Shares of NYSE:SUZ opened at $9.60 on Monday. The stock has a market capitalization of $12.71 billion, a P/E ratio of 6.86 and a beta of 1.10. The stock’s 50-day moving average price is $11.65 and its 200-day moving average price is $11.17. The company has a current ratio of 2.89, a quick ratio of 2.36 and a debt-to-equity ratio of 1.65. Suzano has a 12-month low of $8.73 and a 12-month high of $12.98.

Suzano (NYSE:SUZGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $1.91 billion for the quarter. Suzano had a return on equity of 20.82% and a net margin of 23.84%. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, equities analysts anticipate that Suzano will post 10.59 earnings per share for the current year.

Institutional Investors Weigh In On Suzano

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUZ. PNC Financial Services Group Inc. grew its holdings in Suzano by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock worth $100,000 after acquiring an additional 1,222 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Suzano during the fourth quarter worth about $134,000. QRG Capital Management Inc. purchased a new stake in shares of Suzano during the third quarter worth about $138,000. Ballentine Partners LLC bought a new stake in shares of Suzano in the first quarter worth about $154,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Suzano during the 1st quarter valued at about $183,000. 2.55% of the stock is currently owned by institutional investors.

Suzano Company Profile

(Get Free Report)

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.

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