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

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

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Suzano has an average rating of “Buy”.

Suzano Stock Up 2.9%

Suzano stock opened at $9.54 on Thursday. The firm has a market capitalization of $12.27 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.18 and a beta of 0.72. The company has a current ratio of 3.20, a quick ratio of 2.52 and a debt-to-equity ratio of 1.97. Suzano has a twelve month low of $8.41 and a twelve month high of $10.86. The stock’s fifty day simple moving average is $9.15 and its 200-day simple moving average is $9.30.

Suzano (NYSE:SUZ) last released its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Suzano had a net margin of 13.03% and a return on equity of 16.39%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.23 billion. As a group, equities analysts expect that Suzano will post 1.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Suzano

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Seafarer Capital Partners LLC purchased a new stake in Suzano during the fourth quarter worth approximately $2,475,000. SG Americas Securities LLC acquired a new stake in Suzano during the fourth quarter worth approximately $4,944,000. JPMorgan Chase & Co. boosted its holdings in shares of Suzano by 80.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 443,593 shares of the company’s stock valued at $4,170,000 after buying an additional 197,898 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Suzano in the 3rd quarter valued at $530,000. Finally, Verition Fund Management LLC grew its position in shares of Suzano by 423.2% in the 3rd quarter. Verition Fund Management LLC now owns 230,494 shares of the company’s stock valued at $2,167,000 after buying an additional 186,443 shares during the last quarter. Institutional investors and hedge funds 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.