Suzano (NYSE:SUZ) Upgraded at Bank of America

Suzano (NYSE:SUZ) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat.com reports. The firm presently has a $13.00 target price on the stock. Bank of America‘s price objective points to a potential upside of 48.23% from the company’s previous close.

Several other brokerages also recently weighed in on SUZ. Weiss Ratings downgraded shares of Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Zacks Research downgraded Suzano from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.20.

Suzano Trading Down 0.1%

Shares of Suzano stock opened at $8.77 on Monday. Suzano has a twelve month low of $7.55 and a twelve month high of $11.53. The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77. The business has a 50-day moving average price of $8.17 and a 200-day moving average price of $9.05. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.14 and a beta of 0.56.

Suzano (NYSE:SUZ) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.28 EPS for the quarter. Suzano had a return on equity of 14.92% and a net margin of 17.20%.The company had revenue of $2.24 billion during the quarter. Equities research analysts anticipate that Suzano will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Suzano

Several large investors have recently modified their holdings of SUZ. Deutsche Bank AG raised its holdings in Suzano by 4,452.8% in the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock worth $68,678,000 after purchasing an additional 7,191,583 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Suzano by 30,234.5% during the second quarter. Wellington Management Group LLP now owns 4,211,039 shares of the company’s stock worth $32,678,000 after purchasing an additional 4,197,157 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. boosted its position in shares of 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 worth $25,918,000 after purchasing an additional 2,200,000 shares in the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 1,435,994 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased 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 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.