Suzano (NYSE:SUZ) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Suzano (NYSE:SUZ) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

SUZ has been the topic of a number of other reports. Bank of America lowered Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Tuesday. Jefferies Financial Group started coverage on Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.20.

Suzano Stock Up 2.4%

SUZ stock opened at $9.24 on Tuesday. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $11.45 billion, a PE ratio of 4.89, a PEG ratio of 0.20 and a beta of 0.73. Suzano has a 1-year low of $8.44 and a 1-year high of $11.53. The business’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $9.58.

Suzano (NYSE:SUZ) last posted its earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Suzano had a return on equity of 30.84% and a net margin of 26.11%. As a group, research analysts anticipate that Suzano will post 1.93 EPS for the current year.

Institutional Trading of Suzano

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Suzano by 11,502.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after purchasing an additional 4,256 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Suzano by 71.7% during the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $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 worth $93,000 after purchasing an additional 1,400 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Suzano during the 3rd quarter worth $94,000. Finally, Vident Advisory LLC acquired a new stake in shares of Suzano during the 2nd quarter worth $97,000. 2.55% of the stock is owned by institutional investors and hedge funds.

About Suzano

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.