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

Suzano (NYSE:SUZ) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

Several other analysts have also recently issued reports on SUZ. Bank of America raised shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Monday, August 24th. Weiss Ratings downgraded shares of Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Suzano has a consensus rating of “Hold” and an average price target of $13.20.

Suzano Stock Down 0.1%

NYSE:SUZ opened at $9.14 on Thursday. Suzano has a 52 week low of $7.55 and a 52 week high of $11.53. The stock’s fifty day moving average is $8.33 and its two-hundred day moving average is $8.97. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.14 and a beta of 0.55. The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77.

Suzano (NYSE:SUZ) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.28 earnings per share 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 during the quarter. Research analysts anticipate that Suzano will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SUZ. Caitong International Asset Management Co. Ltd grew 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 worth $40,000 after acquiring an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Suzano in the 1st quarter valued at $51,000. Parallel Advisors LLC lifted its position 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. lifted its position 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 3rd quarter worth $94,000. 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.