Suzano (NYSE:SUZ) Downgraded by Zacks Research to Hold

Suzano (NYSE:SUZ) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

SUZ has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Jefferies Financial Group began coverage on shares of Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Suzano currently has an average rating of “Moderate Buy” and an average price target of $13.40.

Suzano Trading Up 0.4%

NYSE:SUZ opened at $10.72 on Monday. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 0.21 and a beta of 0.67. The company has a quick ratio of 2.59, a current ratio of 3.18 and a debt-to-equity ratio of 2.09. The company’s 50 day moving average price is $10.16 and its 200-day moving average price is $9.55. Suzano has a 52 week low of $8.41 and a 52 week high of $11.53.

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

Institutional Investors Weigh In On Suzano

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of Suzano by 10.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,958 shares of the company’s stock worth $113,000 after purchasing an additional 1,141 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Suzano by 3.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock worth $340,000 after buying an additional 1,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 buying an additional 1,400 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Suzano by 7.6% during the 4th quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock valued at $187,000 after acquiring an additional 1,419 shares during the period. Finally, Moody National Bank Trust Division increased its holdings in Suzano by 5.2% in the 3rd quarter. Moody National Bank Trust Division now owns 29,311 shares of the company’s stock worth $276,000 after acquiring an additional 1,438 shares in the last quarter. Institutional investors own 2.55% of the company’s stock.

Suzano Company Profile

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.