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

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) reached a new 52-week low on Wednesday . The stock traded as low as $8.48 and last traded at $8.51, with a volume of 1249458 shares traded. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Jefferies Financial Group started coverage on shares of Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 price objective for the company. Weiss Ratings raised shares of Suzano from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Finally, Bank of America downgraded shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Suzano presently has an average rating of “Hold” and a consensus target price of $12.20.

Suzano Price Performance

The company’s 50-day moving average is $9.67 and its 200-day moving average is $9.60. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 5.10, a price-to-earnings-growth ratio of 0.19 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.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.30 billion. Suzano had a net margin of 22.90% and a return on equity of 25.25%. Equities research analysts predict that Suzano S.A. Sponsored ADR will post 1.04 earnings per share for the current year.

Institutional Trading of Suzano

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its position in Suzano by 11,502.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after acquiring an additional 4,256 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Suzano in the first quarter worth about $51,000. Parallel Advisors LLC boosted its stake in shares of Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Suzano during the 3rd quarter valued at approximately $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.