Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives $12.20 Average Target Price from Analysts

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have been given a consensus rating of “Hold” by the five analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $12.20.

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded shares of Suzano from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Jefferies Financial Group assumed coverage on shares of Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price objective on the stock. Finally, 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.

Institutional Investors Weigh In On Suzano

A number of institutional investors and hedge funds have recently made changes to their positions in SUZ. Amundi acquired a new stake in shares of Suzano in the 1st quarter worth about $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after acquiring an additional 1,400 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Suzano by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock worth $5,178,000 after acquiring an additional 70,396 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Suzano by 264.1% in the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock worth $769,000 after acquiring an additional 60,028 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Suzano by 109.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock worth $2,312,000 after acquiring an additional 128,455 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Price Performance

Shares of NYSE SUZ opened at $8.45 on Friday. The firm’s 50-day moving average price is $9.39 and its 200-day moving average price is $9.56. Suzano has a 1-year low of $8.11 and a 1-year high of $11.53. The firm has a market capitalization of $10.47 billion, a P/E ratio of 5.03, a P/E/G ratio of 0.18 and a beta of 0.59. The company has a current ratio of 3.51, a quick ratio of 2.80 and a debt-to-equity ratio of 1.81.

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.