Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have earned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.20.

A number of brokerages have commented on SUZ. Weiss Ratings cut Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Zacks Research cut Suzano from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Finally, Bank of America cut 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, April 7th.

Institutional Trading of Suzano

A number of hedge funds and other institutional investors have recently bought and sold shares of SUZ. Caitong International Asset Management Co. Ltd increased its position in Suzano by 11,502.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after buying an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Suzano in the first quarter worth about $51,000. Parallel Advisors LLC increased its position in Suzano by 71.7% in the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after buying an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after buying an additional 1,400 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Suzano during the third quarter worth about $94,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

Shares of SUZ opened at $8.15 on Wednesday. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81. The business has a 50-day simple moving average of $8.90 and a two-hundred day simple moving average of $9.48. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 4.85, a PEG ratio of 0.18 and a beta of 0.55. Suzano has a 52 week low of $8.00 and a 52 week high of $11.53.

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.