Suzano (NYSE:SUZ) Sets New 1-Year Low – Time to Sell?

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $8.64 and last traded at $8.6750, with a volume of 1718878 shares. The stock had previously closed at $8.71.

Wall Street Analysts Forecast Growth

SUZ has been the topic of several research reports. Bank of America lowered shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Tuesday, April 7th. Zacks Research downgraded Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Jefferies Financial Group assumed coverage on Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 price target on the stock. Finally, Weiss Ratings cut Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.20.

Suzano Price Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80. The business’s fifty day moving average price is $9.97 and its 200-day moving average price is $9.60. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.19 and a beta of 0.59.

Suzano (NYSE:SUZ) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Suzano had a net margin of 22.90% and a return on equity of 25.25%. On average, research analysts forecast that Suzano S.A. Sponsored ADR will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Suzano by 23.1% during the 1st quarter. Principal Financial Group Inc. now owns 603,558 shares of the company’s stock valued at $6,042,000 after acquiring an additional 113,070 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Suzano in the first quarter valued at about $100,000. Waterfront Wealth Inc. lifted its position in shares of Suzano by 2.2% during the first quarter. Waterfront Wealth Inc. now owns 405,361 shares of the company’s stock valued at $4,058,000 after purchasing an additional 8,866 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Suzano during the first quarter worth about $51,000. Finally, SmartHarvest Portfolios LLC purchased a new position in Suzano during the first quarter worth about $122,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

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.