Suzano (NYSE:SUZ) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Suzano (NYSE:SUZ) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Jefferies Financial Group started coverage on shares of Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

Suzano Price Performance

NYSE:SUZ opened at $10.62 on Monday. Suzano has a one year low of $8.41 and a one year high of $11.53. The stock has a market cap of $13.16 billion, a PE ratio of 5.62, a P/E/G ratio of 0.21 and a beta of 0.67. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.59 and a current ratio of 3.18. The stock has a 50 day moving average price of $10.18 and a 200 day moving average price of $9.56.

Suzano (NYSE:SUZ) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. Suzano had a return on equity of 30.84% and a net margin of 26.11%.The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. Equities research analysts expect that Suzano will post 1.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Suzano

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in shares of Suzano by 18,802.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,994 shares of the company’s stock worth $65,000 after purchasing an additional 6,957 shares during the last quarter. Virtu Financial LLC lifted its position in Suzano by 61.8% in the fourth quarter. Virtu Financial LLC now owns 16,231 shares of the company’s stock valued at $152,000 after buying an additional 6,197 shares during the last quarter. Compound Planning Inc. lifted its position in Suzano by 7.6% in the fourth quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock valued at $187,000 after buying an additional 1,419 shares during the last quarter. Vident Advisory LLC boosted its stake in Suzano by 19.5% during the fourth quarter. Vident Advisory LLC now owns 16,427 shares of the company’s stock worth $153,000 after buying an additional 2,679 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Suzano during the fourth quarter valued at about $285,000. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

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.