Suzano (NYSE:SUZ) Cut to Strong Sell at Zacks Research

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

SUZ has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a report on Friday, March 27th. Jefferies Financial Group initiated coverage on Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 price target for the company. Finally, Bank of America lowered shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Suzano has a consensus rating of “Hold” and a consensus price target of $12.20.

Suzano Stock Performance

Shares of SUZ opened at $9.43 on Tuesday. The business’s fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $9.58. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 2.27. Suzano has a 12 month low of $8.59 and a 12 month high of $11.53. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 0.21 and a beta of 0.73.

Suzano (NYSE:SUZ) last released its quarterly 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 return on equity of 30.84% and a net margin of 26.11%.The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Research analysts anticipate that Suzano will post 1.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Suzano

A number of institutional investors have recently bought and sold shares of SUZ. Deutsche Bank AG raised its holdings in 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 period. JPMorgan Chase & Co. raised its holdings in Suzano by 323.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock worth $17,555,000 after purchasing an additional 1,435,994 shares during the period. Compass Rose Asset Management LP bought a new position in Suzano in the 3rd quarter worth $9,917,000. Goldman Sachs Group Inc. raised its holdings in Suzano by 30.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock worth $41,793,000 after purchasing an additional 1,037,976 shares during the period. Finally, State Street Corp raised its holdings in Suzano by 17.5% in the 4th quarter. State Street Corp now owns 5,667,599 shares of the company’s stock worth $54,086,000 after purchasing an additional 843,296 shares during the period. 2.55% of the stock is owned by 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.