Suzano (NYSE:SUZ) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Suzano (NYSE:SUZ) from a hold rating to a strong sell rating in a research report sent to investors on Thursday morning,Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Bank of America upgraded shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Suzano currently has an average rating of “Hold” and an average price target of $13.20.

Suzano Price Performance

Shares of NYSE:SUZ opened at $9.14 on Thursday. The stock has a market capitalization of $11.33 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.14 and a beta of 0.55. The business has a 50-day moving average of $8.33 and a two-hundred day moving average of $8.97. Suzano has a fifty-two week low of $7.55 and a fifty-two week high of $11.53. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.38 and a quick ratio of 2.75.

Suzano (NYSE:SUZ) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.28 EPS for the quarter. Suzano had a return on equity of 14.92% and a net margin of 17.20%.The business had revenue of $2.24 billion for the quarter. On average, equities research analysts predict that Suzano will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Suzano

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchasing an additional 1,400 shares during the period. Compound Planning Inc. increased its holdings in shares of Suzano by 7.6% during the 4th quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock worth $187,000 after purchasing an additional 1,419 shares during the period. Vident Advisory LLC increased its holdings in shares of Suzano by 19.5% during the 4th quarter. Vident Advisory LLC now owns 16,427 shares of the company’s stock worth $153,000 after purchasing an additional 2,679 shares during the period. Van ECK Associates Corp raised its position in shares of Suzano by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 65,180 shares of the company’s stock valued at $609,000 after buying an additional 3,743 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Suzano by 71.7% during the third 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 last quarter. Institutional investors and hedge funds 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.