Suzano (NYSE:SUZ) Sets New 1-Year Low – What’s Next?

Suzano S.A. Sponsored ADR (NYSE:SUZ) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.19 and last traded at $8.3750, with a volume of 4169951 shares trading hands. The stock had previously closed at $8.21.

Wall Street Analyst Weigh In

SUZ has been the topic of a number of analyst reports. Weiss Ratings raised Suzano from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Tuesday, April 7th. Jefferies Financial Group started coverage on Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target on the stock. Finally, Zacks Research lowered shares of Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.20.

Suzano Stock Up 2.0%

The firm’s 50 day moving average is $9.48 and its two-hundred day moving average is $9.57. The firm has a market cap of $10.39 billion, a P/E ratio of 4.99, a price-to-earnings-growth ratio of 0.18 and a beta of 0.59. The company has a current ratio of 3.51, a quick ratio of 2.80 and a debt-to-equity ratio of 1.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Suzano by 3.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock worth $340,000 after acquiring an additional 1,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $93,000 after buying an additional 1,400 shares in the last quarter. Compound Planning Inc. lifted its stake in Suzano by 7.6% in the fourth quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock valued at $187,000 after buying an additional 1,419 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Suzano by 16.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock valued at $118,000 after buying an additional 1,754 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Suzano by 16.7% in the third quarter. PNC Financial Services Group Inc. now owns 13,950 shares of the company’s stock valued at $131,000 after buying an additional 1,992 shares in the last quarter. Institutional investors own 2.55% of the company’s stock.

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.