Zacks Research Downgrades Suzano (NYSE:SUZ) to Hold

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

Several other analysts have also recently weighed in on SUZ. Bank of America cut Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, April 7th. Weiss Ratings cut Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.20.

Suzano Trading Down 1.0%

Shares of NYSE:SUZ opened at $8.27 on Wednesday. Suzano has a 12-month low of $7.55 and a 12-month high of $11.53. The stock has a market cap of $10.25 billion, a PE ratio of 4.92, a P/E/G ratio of 0.13 and a beta of 0.56. The business has a 50 day moving average of $8.16 and a 200-day moving average of $9.16. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81.

Institutional Investors Weigh In On Suzano

A number of large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its stake in Suzano by 11,502.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after acquiring an additional 4,256 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Suzano during the 1st quarter worth $51,000. Parallel Advisors LLC grew 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 purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Suzano in the first quarter worth $100,000. Institutional investors and hedge funds 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.