Suzano (NYSE:SUZ) Hits New 52-Week Low – Time to Sell?

Suzano S.A. Sponsored ADR (NYSE:SUZ) reached a new 52-week low during trading on Wednesday . The company traded as low as $8.00 and last traded at $7.9990, with a volume of 816984 shares. The stock had previously closed at $8.15.

Wall Street Analysts Forecast Growth

SUZ has been the topic of a number of research analyst reports. Bank of America cut shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Tuesday, April 7th. Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings cut shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.20.

Suzano Trading Down 2.0%

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 company’s fifty day simple moving average is $8.90 and its 200-day simple moving average is $9.48. The company has a market capitalization of $9.90 billion, a P/E ratio of 4.76, a PEG ratio of 0.18 and a beta of 0.55.

Institutional Trading of Suzano

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its position in shares of 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 purchasing an additional 4,256 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Suzano in the first quarter worth approximately $51,000. Parallel Advisors LLC grew its position in Suzano by 71.7% during the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after acquiring an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Suzano in the third quarter worth about $94,000. 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.