Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Down 15.3% in February

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 5,773,086 shares, a decline of 15.3% from the January 29th total of 6,813,259 shares. Based on an average daily volume of 3,659,293 shares, the short-interest ratio is presently 1.6 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 3,659,293 shares, the short-interest ratio is presently 1.6 days.

Suzano Stock Down 0.7%

SUZ stock traded down $0.08 during midday trading on Wednesday, reaching $10.77. 3,784,255 shares of the company were exchanged, compared to its average volume of 2,976,716. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.67. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.59 and a current ratio of 3.18. Suzano has a 1-year low of $8.41 and a 1-year high of $11.53. The stock’s 50-day simple moving average is $10.02 and its 200 day simple moving average is $9.52.

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

Suzano Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd were given a dividend of $0.2036 per share. The ex-dividend date was Monday, December 22nd. Suzano’s payout ratio is 9.52%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SUZ shares. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th. Jefferies Financial Group assumed coverage on Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target on the stock. Finally, Zacks Research raised Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $13.40.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SUZ. Deutsche Bank AG lifted its stake in Suzano by 4,452.8% in the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock valued at $68,678,000 after buying an additional 7,191,583 shares during the last quarter. State Street Corp raised its position in Suzano by 17.5% in the 4th quarter. State Street Corp now owns 5,667,599 shares of the company’s stock valued at $54,086,000 after purchasing an additional 843,296 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Suzano by 30.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock worth $41,793,000 after purchasing an additional 1,037,976 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Suzano by 323.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock valued at $17,555,000 after purchasing an additional 1,435,994 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Suzano by 4.9% during the third quarter. American Century Companies Inc. now owns 1,668,689 shares of the company’s stock worth $15,686,000 after buying an additional 77,356 shares during the period. Hedge funds and other 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.