Suzano (NYSE:SUZ) Raised to “Hold” at Zacks Research

Suzano (NYSE:SUZ) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on SUZ. Weiss Ratings cut Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Bank of America cut shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.20.

Suzano Stock Performance

Shares of Suzano stock opened at $8.15 on Monday. Suzano has a 12 month low of $8.00 and a 12 month high of $11.53. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81. The stock has a market cap of $10.10 billion, a PE ratio of 4.85, a price-to-earnings-growth ratio of 0.18 and a beta of 0.55. The business has a fifty day simple moving average of $8.90 and a 200-day simple moving average of $9.48.

Institutional Trading of Suzano

A number of institutional investors have recently added to or reduced their stakes in SUZ. Deutsche Bank AG grew its position in Suzano by 4,452.8% in the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock worth $68,678,000 after acquiring an additional 7,191,583 shares in the last quarter. State Street Corp raised its holdings in shares of Suzano by 17.5% during the 4th quarter. State Street Corp now owns 5,667,599 shares of the company’s stock valued at $54,086,000 after purchasing an additional 843,296 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Suzano by 30.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after purchasing an additional 1,037,976 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. lifted its stake in shares of Suzano by 565.2% in the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock valued at $25,918,000 after purchasing an additional 2,200,000 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Suzano by 323.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock worth $17,555,000 after purchasing an additional 1,435,994 shares in the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

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.