Suzano (NYSE:SUZ) Sets New 12-Month Low – Time to Sell?

Suzano S.A. Sponsored ADR (NYSE:SUZ) reached a new 52-week low during trading on Friday . The company traded as low as $7.83 and last traded at $7.8740, with a volume of 252265 shares trading hands. The stock had previously closed at $8.10.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SUZ shares. Bank of America downgraded shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Tuesday, April 7th. Zacks Research upgraded Suzano from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings downgraded Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.20.

Suzano Stock Performance

The company has a market cap of $9.70 billion, a PE ratio of 4.65, a P/E/G ratio of 0.12 and a beta of 0.55. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The stock’s 50-day simple moving average is $8.56 and its 200 day simple moving average is $9.42.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SUZ. Caitong International Asset Management Co. Ltd boosted its holdings in Suzano by 11,502.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after purchasing an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Suzano during the 1st quarter worth approximately $51,000. Parallel Advisors LLC lifted its holdings in shares of Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after buying an additional 3,901 shares during the period. 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. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Suzano in the first quarter valued at approximately $100,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

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.