Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives $12.20 Average Price Target from Brokerages

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have earned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.20.

Several research analysts have recently commented on the company. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a report on Friday, March 27th. Zacks Research downgraded Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Finally, 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 on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Suzano by 3.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock worth $340,000 after acquiring an additional 1,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the last quarter. Compound Planning Inc. raised its position in Suzano by 7.6% in the 4th quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock worth $187,000 after purchasing an additional 1,419 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Suzano by 16.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock worth $118,000 after purchasing an additional 1,754 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Suzano by 16.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,950 shares of the company’s stock worth $131,000 after purchasing an additional 1,992 shares during the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Down 2.0%

NYSE SUZ opened at $9.35 on Tuesday. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 2.27. The stock’s 50 day moving average is $10.18 and its two-hundred day moving average is $9.59. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 4.94, a PEG ratio of 0.21 and a beta of 0.73. Suzano has a 1-year low of $8.66 and a 1-year high of $11.53.

Suzano (NYSE:SUZ) last announced its earnings results on Wednesday, February 11th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.11. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. Suzano had a return on equity of 30.84% and a net margin of 26.11%. Equities analysts forecast that Suzano will post 1.04 earnings per share for the current fiscal year.

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.