Wall Street Zen Downgrades Suzano (NYSE:SUZ) to Hold

Suzano (NYSE:SUZ) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other analysts have also recently commented on the company. The Goldman Sachs Group raised Suzano from a “neutral” rating to a “buy” rating in a research report on Friday, June 13th. UBS Group raised Suzano to a “strong-buy” rating in a research report on Thursday, April 10th.

Suzano Stock Performance

Shares of SUZ opened at $9.39 on Tuesday. The stock has a 50-day moving average of $9.30 and a two-hundred day moving average of $9.50. Suzano has a one year low of $8.41 and a one year high of $10.98. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.96 and a current ratio of 2.61. The stock has a market cap of $12.43 billion, a P/E ratio of -67.07, a P/E/G ratio of 0.09 and a beta of 0.94.

Suzano (NYSE:SUZ) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Suzano had a negative return on equity of 3.08% and a negative net margin of 2.43%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $11.82 billion. As a group, research analysts predict that Suzano will post 1.93 EPS for the current year.

Hedge Funds Weigh In On Suzano

Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new position in shares of Suzano in the 1st quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after buying an additional 1,400 shares during the period. GAMMA Investing LLC raised its holdings in Suzano by 311.8% in the 1st quarter. GAMMA Investing LLC now owns 11,492 shares of the company’s stock worth $107,000 after purchasing an additional 8,701 shares during the period. Ameriprise Financial Inc. raised its holdings in Suzano by 10.6% in the 4th quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company’s stock worth $126,000 after purchasing an additional 1,155 shares during the period. Finally, OLD Mission Capital LLC raised its holdings in Suzano by 17.3% in the 4th quarter. OLD Mission Capital LLC now owns 12,488 shares of the company’s stock worth $126,000 after purchasing an additional 1,843 shares during the period. Institutional investors and hedge funds own 2.55% of the company’s stock.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.