Jefferies Financial Group Begins Coverage on Suzano (NYSE:SUZ)

Jefferies Financial Group began coverage on shares of Suzano (NYSE:SUZ) in a research note issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $13.40 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 38.57% from the company’s current price.

A number of other research analysts have also issued reports on SUZ. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $13.40.

Suzano Price Performance

Shares of Suzano stock opened at $9.67 on Thursday. The company’s fifty day moving average is $9.41 and its two-hundred day moving average is $9.35. Suzano has a 1 year low of $8.41 and a 1 year high of $10.48. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52.

Suzano (NYSE:SUZ) last announced its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.23 billion. Suzano had a return on equity of 16.39% and a net margin of 13.03%. As a group, sell-side analysts forecast that Suzano will post 1.93 earnings per share for the current fiscal year.

Institutional Trading of Suzano

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in Suzano by 36.2% in the 2nd quarter. American Century Companies Inc. now owns 1,591,333 shares of the company’s stock valued at $14,974,000 after purchasing an additional 422,897 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Suzano by 24.8% in the second quarter. Metis Global Partners LLC now owns 232,174 shares of the company’s stock valued at $2,185,000 after buying an additional 46,177 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Suzano by 2,036.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 230,742 shares of the company’s stock worth $2,164,000 after buying an additional 219,942 shares during the last quarter. Waterfront Wealth Inc. boosted its position in shares of Suzano by 2.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 317,605 shares of the company’s stock worth $2,989,000 after buying an additional 6,822 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Suzano by 15.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,503 shares of the company’s stock valued at $212,000 after acquiring an additional 2,980 shares during the last quarter. Institutional investors and hedge funds 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.