Suzano (NYSE:SUZ) Now Covered by Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Suzano (NYSE:SUZ) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $13.40 price objective on the stock.

SUZ has been the topic of several other research reports. Zacks Research raised Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Suzano presently has a consensus rating of “Buy” and an average price target of $13.40.

Suzano Trading Up 1.5%

SUZ stock opened at $9.60 on Thursday. Suzano has a 12 month low of $8.41 and a 12 month high of $10.53. The firm’s 50-day moving average is $9.40 and its 200 day moving average is $9.35. The company has a market capitalization of $12.70 billion, a PE ratio of 9.99, a P/E/G ratio of 0.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52.

Suzano (NYSE:SUZ) last issued its earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Suzano had a return on equity of 16.39% and a net margin of 13.03%.The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.23 billion. On average, research analysts anticipate that Suzano will post 1.93 EPS for the current year.

Suzano Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, February 11th. Investors of record on Monday, December 22nd will be paid a dividend of $0.2036 per share. The ex-dividend date is Monday, December 22nd. Suzano’s payout ratio is 18.75%.

Institutional Investors Weigh In On Suzano

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in shares of Suzano by 71.7% during the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after purchasing an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Suzano in the third quarter valued at approximately $94,000. Vident Advisory LLC purchased a new stake in Suzano in the 2nd quarter worth $97,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Suzano during the second quarter worth about $100,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

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.