Suzano S.A. Sponsored ADR (NYSE:SUZ) Given Average Rating of “Hold” by Brokerages

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have earned a consensus recommendation of “Hold” from the four brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.20.

SUZ has been the topic of a number of recent analyst reports. Zacks Research raised shares of Suzano from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings cut shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Finally, 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 research report on Tuesday, April 7th.

Hedge Funds Weigh In On Suzano

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Suzano by 26.2% during the first quarter. Empowered Funds LLC now owns 38,457 shares of the company’s stock worth $385,000 after purchasing an additional 7,989 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. boosted its position in shares of Suzano by 565.2% during the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock worth $25,918,000 after purchasing an additional 2,200,000 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Suzano by 56.5% during the first quarter. Quantinno Capital Management LP now owns 155,551 shares of the company’s stock worth $1,557,000 after purchasing an additional 56,168 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Suzano by 41.7% during the first quarter. Renaissance Technologies LLC now owns 714,300 shares of the company’s stock worth $7,150,000 after acquiring an additional 210,200 shares during the period. Finally, Compound Planning Inc. raised its holdings in shares of Suzano by 11.8% during the first quarter. Compound Planning Inc. now owns 22,356 shares of the company’s stock worth $224,000 after acquiring an additional 2,368 shares during the period. 2.55% of the stock is owned by institutional investors.

Suzano Trading Up 0.2%

Shares of NYSE SUZ opened at $8.25 on Wednesday. The company’s fifty day moving average is $8.79 and its 200-day moving average is $9.47. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 4.91, a P/E/G ratio of 0.18 and a beta of 0.56. Suzano has a twelve month low of $7.92 and a twelve 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.

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.