Suzano (NYSE:SUZ) Rating Increased to Strong-Buy at UBS Group

Suzano (NYSE:SUZ) was upgraded by equities research analysts at UBS Group to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Suzano Stock Down 0.4 %

SUZ traded down $0.03 during trading hours on Thursday, reaching $8.82. 125,406 shares of the stock traded hands, compared to its average volume of 1,972,120. Suzano has a fifty-two week low of $8.41 and a fifty-two week high of $12.10. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 13.98 and a beta of 0.88. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.72 and a quick ratio of 1.40. The firm’s fifty day simple moving average is $9.62 and its two-hundred day simple moving average is $10.03.

Institutional Trading of Suzano

A number of hedge funds and other institutional investors have recently modified their holdings of SUZ. Constellation Investimentos e Participacoes Ltda boosted its holdings in Suzano by 132.3% in the fourth quarter. Constellation Investimentos e Participacoes Ltda now owns 428,400 shares of the company’s stock valued at $4,335,000 after purchasing an additional 244,000 shares during the last quarter. State Street Corp raised its position in shares of Suzano by 14.1% in the 3rd quarter. State Street Corp now owns 4,597,801 shares of the company’s stock valued at $45,978,000 after purchasing an additional 568,618 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Suzano by 58.2% during the 4th quarter. GAMMA Investing LLC now owns 2,791 shares of the company’s stock valued at $28,000 after buying an additional 1,027 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Suzano during the third quarter worth approximately $107,000. Finally, Principal Financial Group Inc. increased its stake in shares of Suzano by 14.4% in the third quarter. Principal Financial Group Inc. now owns 139,568 shares of the company’s stock worth $1,396,000 after buying an additional 17,544 shares during the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Company Profile

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.