Suzano (NYSE:SUZ) Stock Price Down 1.3% – Here’s Why

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s stock price fell 1.3% on Monday. The stock traded as low as $8.53 and last traded at $8.5740. 2,040,188 shares were traded during trading, a decline of 24% from the average daily volume of 2,699,467 shares. The stock had previously closed at $8.69.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research cut shares of Suzano from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Bank of America upgraded shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Monday, August 24th. Finally, Weiss Ratings cut shares of Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.20.

Suzano Price Performance

The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.13 and a beta of 0.55. The stock’s 50-day simple moving average is $8.70 and its two-hundred day simple moving average is $8.75.

Suzano (NYSE:SUZ) last announced its earnings results on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $2.24 billion for the quarter. Suzano had a net margin of 17.20% and a return on equity of 14.92%. Equities research analysts predict that Suzano S.A. Sponsored ADR will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Suzano

Several institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new position in shares of Suzano during the first quarter valued at approximately $51,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Suzano by 18,802.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,994 shares of the company’s stock worth $65,000 after acquiring an additional 6,957 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Suzano during the first quarter worth approximately $100,000. SmartHarvest Portfolios LLC acquired a new position in Suzano in the 1st quarter valued at $122,000. Finally, Endeavor Private Wealth Inc. acquired a new position in Suzano in the 2nd quarter valued at $99,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Company Profile

Suzano SA is a Brazilian forest products company and one of the world’s leading producers of eucalyptus-based hardwood pulp. The company cultivates eucalyptus forests, manages forestry assets, and operates pulp and paper production facilities in Brazil. Its products are sold to manufacturers and consumers in markets around the world.

Suzano’s portfolio includes market pulp used in a broad range of paper and hygiene products, as well as printing and writing paper, paperboard, tissue products and other consumer paper goods.