Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have earned a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.40.

Several brokerages have issued reports on SUZ. Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Finally, Jefferies Financial Group initiated coverage on shares of Suzano in a report on Thursday. They set a “buy” rating and a $13.40 price objective for the company.

Institutional Trading of Suzano

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUZ. Pictet Asset Management Holding SA grew its stake in Suzano by 167.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 83,311 shares of the company’s stock worth $778,000 after purchasing an additional 52,198 shares during the period. Kapitalo Investimentos Ltda increased its stake in shares of Suzano by 249.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 784,450 shares of the company’s stock worth $7,327,000 after acquiring an additional 559,952 shares in the last quarter. Waterfront Wealth Inc. lifted its position in Suzano by 2.1% during the 4th quarter. Waterfront Wealth Inc. now owns 396,495 shares of the company’s stock valued at $3,921,000 after acquiring an additional 8,082 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Suzano by 3.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock valued at $340,000 after purchasing an additional 1,191 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Suzano by 16.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock valued at $118,000 after buying an additional 1,754 shares in the last quarter. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Trading Up 2.1%

NYSE SUZ traded up $0.20 during trading on Thursday, reaching $9.65. The company’s stock had a trading volume of 678,895 shares, compared to its average volume of 2,265,804. The firm has a fifty day moving average of $9.38 and a 200 day moving average of $9.35. Suzano has a one year low of $8.41 and a one year high of $10.53. 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 issued its quarterly earnings data on Thursday, November 6th. The company reported $0.29 EPS 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 analysts’ expectations of $2.23 billion. Suzano had a return on equity of 16.39% and a net margin of 13.03%. On average, equities research analysts anticipate that Suzano will post 1.93 EPS for the current year.

Suzano Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.2036 per share. The ex-dividend date of this dividend is Monday, December 22nd. Suzano’s dividend payout ratio is 18.75%.

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.