Suzano (NYSE:SUZ) Shares Down 2.9%

Suzano S.A. (NYSE:SUZ)’s share price traded down 2.9% during trading on Friday . The company traded as low as $9.55 and last traded at $9.55. 1,757,610 shares were traded during trading, a decline of 8% from the average session volume of 1,912,788 shares. The stock had previously closed at $9.84.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Suzano from an “underweight” rating to an “equal weight” rating in a research report on Monday, May 20th.

Suzano Trading Down 3.4 %

The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 6.79 and a beta of 1.10. The company has a current ratio of 2.89, a quick ratio of 2.36 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average price is $11.50 and its two-hundred day moving average price is $11.15.

Suzano (NYSE:SUZ) last issued its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $1.91 billion for the quarter. Suzano had a net margin of 23.84% and a return on equity of 20.82%. During the same quarter in the prior year, the business earned $0.76 EPS. On average, equities analysts predict that Suzano S.A. will post 10.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Suzano

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Suzano by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock worth $100,000 after purchasing an additional 1,222 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in Suzano during the 4th quarter worth approximately $134,000. QRG Capital Management Inc. acquired a new position in Suzano in the 3rd quarter valued at approximately $138,000. Ballentine Partners LLC acquired a new position in Suzano in the 1st quarter valued at approximately $154,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Suzano during the first quarter valued at $183,000. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Company Profile

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.