Suzano (NYSE:SUZ) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Suzano (NYSE:SUZ) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Bank of America cut shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Suzano presently has a consensus rating of “Hold” and a consensus price target of $12.20.

Suzano Stock Performance

NYSE SUZ opened at $8.15 on Monday. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 4.85, a PEG ratio of 0.18 and a beta of 0.55. Suzano has a twelve month low of $8.00 and a twelve month high of $11.53. The stock has a fifty day simple moving average of $8.90 and a 200 day simple moving average of $9.48. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81.

Institutional Investors Weigh In On Suzano

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake 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 during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Suzano during the 1st quarter worth approximately $51,000. Parallel Advisors LLC increased its stake 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Suzano during the 1st quarter worth approximately $100,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

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.