Suzano (NYSE:SUZ) Raised to Strong-Buy at Zacks Research

Suzano (NYSE:SUZ) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on SUZ. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.20.

Suzano Price Performance

Shares of Suzano stock opened at $7.92 on Tuesday. The stock has a market cap of $9.81 billion, a P/E ratio of 4.71, a P/E/G ratio of 0.12 and a beta of 0.56. 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 fifty day moving average is $8.28 and its 200 day moving average is $9.33. Suzano has a one year low of $7.55 and a one year high of $11.53.

Institutional Investors Weigh In On Suzano

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in 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 valued at $40,000 after buying an additional 4,256 shares during the period. Venturi Wealth Management LLC purchased a new position in Suzano during the 1st quarter valued at about $51,000. Parallel Advisors LLC raised its stake in Suzano by 71.7% in the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after buying an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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, Virtu Financial LLC purchased a new stake in shares of Suzano during the third quarter valued at about $94,000. 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.