Suzano’s (SUZ) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of Suzano (NYSE:SUZ) in a research note issued to investors on Friday morning,Weiss Ratings reports.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen cut shares of Suzano from a “buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Zacks Research cut shares of Suzano from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Suzano Price Performance

Shares of SUZ opened at $9.13 on Friday. The company has a 50 day moving average price of $9.37 and a 200-day moving average price of $9.31. Suzano has a fifty-two week low of $8.41 and a fifty-two week high of $10.98. The stock has a market capitalization of $12.08 billion, a PE ratio of 8.08, a PEG ratio of 0.08 and a beta of 0.81. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC raised its holdings in shares of Suzano by 2,186.4% in the third quarter. Global Retirement Partners LLC now owns 12,964 shares of the company’s stock worth $122,000 after buying an additional 12,397 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Suzano by 5.2% in the third quarter. Moody National Bank Trust Division now owns 29,311 shares of the company’s stock worth $276,000 after buying an additional 1,438 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Suzano by 480.0% in the second quarter. Headlands Technologies LLC now owns 17,567 shares of the company’s stock worth $165,000 after buying an additional 14,538 shares during the last quarter. Vident Advisory LLC purchased a new position in shares of Suzano in the second quarter worth $97,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Suzano by 4.9% in the second quarter. Balyasny Asset Management L.P. now owns 465,964 shares of the company’s stock worth $4,385,000 after acquiring an additional 21,848 shares during the period. Hedge funds and other institutional investors own 2.55% of the company’s stock.

About Suzano

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.