Suzano (NYSE:SUZ) Rating Lowered to “Hold” at Wall Street Zen

Suzano (NYSE:SUZ) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

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

Suzano Stock Down 0.1%

NYSE:SUZ opened at $8.98 on Friday. The firm has a market capitalization of $11.89 billion, a PE ratio of -64.14, a price-to-earnings-growth ratio of 0.09 and a beta of 0.94. The stock has a 50 day moving average of $9.31 and a 200-day moving average of $9.58. Suzano has a 52 week low of $8.41 and a 52 week 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.

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

Hedge Funds Weigh In On Suzano

Several hedge funds have recently bought and sold shares of SUZ. Financial Management Professionals Inc. acquired a new stake in shares of Suzano during the first quarter valued at about $28,000. Signaturefd LLC grew its holdings in Suzano by 28.9% during the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company’s stock worth $81,000 after buying an additional 1,787 shares in the last quarter. US Bancorp DE grew its stake in Suzano by 20.3% in the 4th quarter. US Bancorp DE now owns 9,177 shares of the company’s stock valued at $93,000 after purchasing an additional 1,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after acquiring an additional 1,400 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Suzano by 311.8% during the 1st quarter. GAMMA Investing LLC now owns 11,492 shares of the company’s stock worth $107,000 after acquiring an additional 8,701 shares during the period. 2.55% of the stock is owned by institutional investors.

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.