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

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research 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 target among brokerages that have issued a report on the stock in the last year is $13.40.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 target price on the stock. 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.

Hedge Funds Weigh In On Suzano

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SUZ. Caitong International Asset Management Co. Ltd boosted its stake in Suzano by 11,502.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after buying an additional 4,256 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Suzano by 71.7% during the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after acquiring an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after acquiring an additional 1,400 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Suzano in the third quarter valued at about $94,000. Finally, Vident Advisory LLC purchased a new stake in shares of Suzano in the second quarter valued at about $97,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Price Performance

NYSE:SUZ opened at $11.33 on Monday. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 2.59. The company has a 50 day moving average price of $9.95 and a 200-day moving average price of $9.50. Suzano has a 1-year low of $8.41 and a 1-year high of $11.53. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 6.00, a price-to-earnings-growth ratio of 0.22 and a beta of 0.66.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. Suzano had a net margin of 26.11% and a return on equity of 30.84%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. Equities research analysts forecast that Suzano will post 1.93 EPS for the current year.

Suzano Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, February 11th. Investors of record on Monday, December 22nd were issued a $0.2036 dividend. The ex-dividend date of this dividend was Monday, December 22nd. Suzano’s payout ratio is presently 9.52%.

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.