Suzano (NYSE:SUZ) Rating Increased to Buy at Wall Street Zen

Suzano (NYSE:SUZ) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

SUZ has been the subject of a number of other research reports. The Goldman Sachs Group raised shares of Suzano from a “neutral” rating to a “buy” rating in a report on Friday, June 13th. UBS Group raised shares of Suzano to a “strong-buy” rating in a report on Thursday, April 10th.

Suzano Stock Up 0.4%

SUZ stock opened at $9.57 on Friday. Suzano has a twelve month low of $8.41 and a twelve month high of $10.98. The company has a current ratio of 2.61, a quick ratio of 1.96 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $12.67 billion, a P/E ratio of -68.35, a PEG ratio of 0.10 and a beta of 0.94. The firm has a 50 day simple moving average of $9.28 and a 200-day simple moving average of $9.61.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $11.82 billion. Suzano had a negative return on equity of 3.08% and a negative net margin of 2.43%. On average, equities research analysts predict that Suzano will post 1.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Suzano

A number of hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its holdings in Suzano by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company’s stock worth $126,000 after purchasing an additional 1,155 shares during the period. Lindbrook Capital LLC lifted its stake in Suzano by 69.2% in the fourth quarter. Lindbrook Capital LLC now owns 3,004 shares of the company’s stock valued at $30,000 after buying an additional 1,229 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Suzano by 8.7% in the fourth quarter. Quantinno Capital Management LP now owns 16,325 shares of the company’s stock valued at $165,000 after buying an additional 1,312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Suzano by 16.2% in the first 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 during the last quarter. Finally, US Bancorp DE lifted its stake in Suzano by 20.3% in the fourth quarter. US Bancorp DE now owns 9,177 shares of the company’s stock valued at $93,000 after buying an additional 1,547 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.