Suzano (NYSE:SUZ) Downgraded by Bank of America to Neutral

Suzano (NYSE:SUZ) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $11.00 price objective on the stock. Bank of America‘s price objective points to a potential upside of 13.93% from the company’s current price.

A number of other equities analysts also recently commented on SUZ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Friday, March 27th. Zacks Research downgraded shares of Suzano from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Jefferies Financial Group began coverage on shares of Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Suzano Price Performance

Shares of SUZ stock opened at $9.66 on Tuesday. The firm has a market cap of $11.97 billion, a P/E ratio of 5.11, a P/E/G ratio of 0.20 and a beta of 0.73. The firm has a fifty day moving average of $10.28 and a two-hundred day moving average of $9.59. The company has a debt-to-equity ratio of 2.27, a current ratio of 3.18 and a quick ratio of 2.59. Suzano has a 1-year low of $8.41 and a 1-year high of $11.53.

Suzano (NYSE:SUZ) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. As a group, research analysts anticipate that Suzano will post 1.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Suzano

Several hedge funds and other institutional investors have recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of Suzano by 4,452.8% during the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock valued at $68,678,000 after acquiring an additional 7,191,583 shares during the period. State Street Corp boosted its holdings in shares of Suzano by 17.5% during the fourth quarter. State Street Corp now owns 5,667,599 shares of the company’s stock valued at $54,086,000 after acquiring an additional 843,296 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Suzano by 30.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after acquiring an additional 1,037,976 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Suzano by 323.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock valued at $17,555,000 after acquiring an additional 1,435,994 shares during the period. Finally, American Century Companies Inc. boosted its holdings 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 valued at $15,686,000 after acquiring an additional 77,356 shares during the period. Institutional investors and hedge funds 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.