Suzano (NYSE:SUZ) Sees Strong Trading Volume – What’s Next?

Suzano S.A. Sponsored ADR (NYSE:SUZ) saw strong trading volume on Monday. 4,776,092 shares traded hands during trading, an increase of 50% from the average daily volume of 3,188,161 shares. The stock last traded at $8.5540 and had previously closed at $8.64.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Zacks Research upgraded Suzano from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Bank of America raised shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Suzano presently has a consensus rating of “Hold” and an average target price of $13.20.

Suzano Stock Performance

The company has a 50 day simple moving average of $8.80 and a two-hundred day simple moving average of $9.05.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $2.24 billion during the quarter. As a group, equities research analysts forecast that Suzano S.A. Sponsored ADR will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SUZ. Tidal Investments LLC increased its stake in Suzano by 1.9% in the second quarter. Tidal Investments LLC now owns 74,484 shares of the company’s stock valued at $578,000 after purchasing an additional 1,386 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Suzano by 66.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,691 shares of the company’s stock worth $32,000 after buying an additional 1,470 shares in the last quarter. GAMMA Investing LLC grew its stake in Suzano by 77.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the company’s stock valued at $30,000 after acquiring an additional 1,528 shares in the last quarter. Compound Planning Inc. boosted its holdings in Suzano by 11.8% during the first quarter. Compound Planning Inc. now owns 22,356 shares of the company’s stock valued at $224,000 after acquiring an additional 2,368 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. boosted its stake in Suzano by 13.8% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 26,476 shares of the company’s stock worth $223,000 after purchasing an additional 3,205 shares in the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Company Profile

Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.