Suzano (NYSE:SUZ) Reaches New 1-Year Low – What’s Next?

Suzano S.A. Sponsored ADR (NYSE:SUZ) hit a new 52-week low on Tuesday . The stock traded as low as $8.19 and last traded at $8.3750, with a volume of 4169951 shares. The stock had previously closed at $8.21.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings raised Suzano from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Zacks Research downgraded Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Jefferies Financial Group began coverage on Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price target for the company. Finally, Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Suzano currently has an average rating of “Hold” and a consensus price target of $12.20.

Suzano Trading Up 3.7%

The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $9.39 and a 200 day simple moving average of $9.56. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 5.03, a P/E/G ratio of 0.18 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in Suzano by 4,452.8% in the 4th 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 period. Dynamo Internacional Gestao DE Recursos LTDA. grew its holdings in Suzano by 565.2% in the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock valued at $25,918,000 after buying an additional 2,200,000 shares during the period. JPMorgan Chase & Co. grew its holdings in Suzano by 323.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock valued at $17,555,000 after buying an additional 1,435,994 shares during the period. Compass Rose Asset Management LP purchased a new stake in Suzano in the 3rd quarter valued at about $9,917,000. Finally, Goldman Sachs Group Inc. grew its holdings in Suzano by 30.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after buying an additional 1,037,976 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.