Suzano (NYSE:SUZ) Stock Rating Lowered by Zacks Research

Suzano (NYSE:SUZ) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Suzano Stock Performance

SUZ opened at $9.52 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52. The business has a fifty day simple moving average of $9.13 and a 200 day simple moving average of $9.30. Suzano has a 1 year low of $8.41 and a 1 year high of $10.86. The company has a market capitalization of $12.61 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.22 and a beta of 0.74.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Suzano had a net margin of 13.03% and a return on equity of 16.39%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.23 billion. Research analysts expect that Suzano will post 1.93 EPS for the current year.

Hedge Funds Weigh In On Suzano

A number of institutional investors have recently added to or reduced their stakes in SUZ. PNC Financial Services Group Inc. increased its holdings in shares of Suzano by 10.5% during the second quarter. PNC Financial Services Group Inc. now owns 11,958 shares of the company’s stock worth $113,000 after buying an additional 1,141 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Suzano by 16.2% during the first 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 during the last quarter. Moody National Bank Trust Division increased its stake in shares of Suzano by 5.2% in the third quarter. Moody National Bank Trust Division now owns 29,311 shares of the company’s stock valued at $276,000 after buying an additional 1,438 shares during the period. Compound Planning Inc. raised its holdings in Suzano by 11.3% in the 3rd quarter. Compound Planning Inc. now owns 18,569 shares of the company’s stock valued at $175,000 after buying an additional 1,885 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Suzano by 15.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,503 shares of the company’s stock worth $212,000 after buying an additional 2,980 shares during the period. 2.55% of the stock is currently 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.