Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives $13.40 Consensus PT from Brokerages

Suzano S.A. Sponsored ADR (NYSE:SUZ) has received a consensus rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.40.

Several equities research analysts recently issued reports on SUZ shares. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Jefferies Financial Group initiated coverage on Suzano in a report on Thursday. They set a “buy” rating and a $13.40 price target on the stock. Finally, Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th.

Suzano Stock Up 0.9%

NYSE:SUZ opened at $9.67 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.52 and a current ratio of 3.20. Suzano has a fifty-two week low of $8.41 and a fifty-two week high of $10.48. The firm has a 50-day simple moving average of $9.41 and a two-hundred day simple moving average of $9.35.

Suzano (NYSE:SUZ) last posted its quarterly 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). The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Suzano had a net margin of 13.03% and a return on equity of 16.39%. On average, analysts forecast that Suzano will post 1.93 EPS for the current fiscal year.

Suzano Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Suzano by 4.9% in the 3rd quarter. American Century Companies Inc. now owns 1,668,689 shares of the company’s stock worth $15,686,000 after purchasing an additional 77,356 shares in the last quarter. Compass Rose Asset Management LP purchased a new stake in Suzano in the 3rd quarter worth approximately $9,917,000. Kapitalo Investimentos Ltda raised its stake in Suzano by 249.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 784,450 shares of the company’s stock worth $7,327,000 after acquiring an additional 559,952 shares during the period. Ramirez Asset Management Inc. bought a new stake in Suzano during the 3rd quarter worth approximately $6,413,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Suzano by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock worth $5,178,000 after buying an additional 70,396 shares during the period. Hedge funds and other institutional investors 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.