Analysts Set Suzano S.A. Sponsored ADR (NYSE:SUZ) Price Target at $12.20

Suzano S.A. Sponsored ADR (NYSE:SUZ) has been given a consensus recommendation of “Hold” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $12.20.

A number of equities research analysts have issued reports on SUZ shares. Bank of America cut Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research note on Tuesday, April 7th. Weiss Ratings upgraded Suzano from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Jefferies Financial Group started coverage on Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 target price on the stock. Finally, Zacks Research cut Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th.

Institutional Investors Weigh In On Suzano

A number of hedge funds have recently added to or reduced their stakes in SUZ. Amundi bought a new stake in Suzano in the first quarter valued at $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Suzano by 14.5% during the first quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock valued at $5,178,000 after purchasing an additional 70,396 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Suzano by 264.1% during the first quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock valued at $769,000 after purchasing an additional 60,028 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Suzano by 109.6% during the second quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock valued at $2,312,000 after purchasing an additional 128,455 shares in the last quarter. 2.55% of the stock is currently owned by institutional investors.

Suzano Stock Performance

Suzano stock opened at $8.38 on Friday. The company has a market cap of $10.39 billion, a PE ratio of 4.99, a P/E/G ratio of 0.18 and a beta of 0.59. The company has a fifty day moving average price of $9.48 and a two-hundred day moving average price of $9.57. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80. Suzano has a 12 month low of $8.19 and a 12 month high of $11.53.

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.