Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives Average Rating of “Buy” from Analysts

Suzano S.A. Sponsored ADR (NYSE:SUZ) has been assigned an average recommendation of “Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.40.

A number of research analysts have recently commented on SUZ shares. Jefferies Financial Group assumed coverage on shares of Suzano in a research report on Thursday, February 5th. They set a “buy” rating and a $13.40 price objective for the company. Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th.

Suzano Price Performance

SUZ opened at $9.85 on Thursday. The business has a 50 day moving average of $9.43 and a 200-day moving average of $9.36. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52. Suzano has a 1-year low of $8.41 and a 1-year high of $10.41.

Suzano Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd will be paid a $0.2036 dividend. The ex-dividend date is Monday, December 22nd. Suzano’s dividend payout ratio is currently 18.75%.

Institutional Trading of Suzano

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compass Rose Asset Management LP bought a new position in Suzano during the third quarter worth about $9,917,000. Ramirez Asset Management Inc. acquired a new position in shares of Suzano in the 3rd quarter worth approximately $6,413,000. Kapitalo Investimentos Ltda lifted its position in shares of Suzano by 249.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 784,450 shares of the company’s stock worth $7,327,000 after buying an additional 559,952 shares during the period. SG Americas Securities LLC acquired a new stake in Suzano in the 4th quarter valued at $4,944,000. Finally, American Century Companies Inc. grew its position in Suzano by 36.2% in the second quarter. American Century Companies Inc. now owns 1,591,333 shares of the company’s stock valued at $14,974,000 after acquiring an additional 422,897 shares during the period. 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.