Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives $13.40 Consensus Target Price from Analysts

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.40.

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Suzano from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Jefferies Financial Group assumed coverage on Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th.

Suzano Trading Up 0.2%

Shares of Suzano stock opened at $9.63 on Friday. The company’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $9.57. The firm has a market capitalization of $11.94 billion, a PE ratio of 5.09, a price-to-earnings-growth ratio of 0.19 and a beta of 0.66. Suzano has a 52-week low of $8.41 and a 52-week high of $11.53. The company has a debt-to-equity ratio of 2.27, a current ratio of 3.18 and a quick ratio of 2.59.

Suzano (NYSE:SUZ) last issued its earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. Suzano had a net margin of 26.11% and a return on equity of 30.84%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. On average, analysts expect that Suzano will post 1.93 EPS for the current year.

Institutional Investors Weigh In On Suzano

Several institutional investors and hedge funds have recently made changes to their positions in SUZ. Deutsche Bank AG grew its holdings in shares of Suzano by 4,452.8% in the 4th 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in Suzano by 323.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock valued at $17,555,000 after purchasing an additional 1,435,994 shares during the last quarter. Compass Rose Asset Management LP acquired a new position in Suzano in the third quarter valued at about $9,917,000. Goldman Sachs Group Inc. boosted its position in Suzano by 30.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after buying an additional 1,037,976 shares in the last quarter. Finally, State Street Corp grew its stake in Suzano by 17.5% during the fourth quarter. State Street Corp now owns 5,667,599 shares of the company’s stock worth $54,086,000 after buying an additional 843,296 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

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.