Suzano (NYSE:SUZ) Hits New 52-Week Low – What’s Next?

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) hit a new 52-week low on Wednesday . The stock traded as low as $8.00 and last traded at $7.9990, with a volume of 816984 shares trading hands. The stock had previously closed at $8.15.

Analyst Ratings Changes

A number of analysts recently weighed in on SUZ shares. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Tuesday, April 7th. Weiss Ratings downgraded Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Finally, Zacks Research upgraded Suzano from a “strong sell” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Suzano presently has a consensus rating of “Hold” and a consensus price target of $12.20.

Suzano Stock Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80. The stock has a market capitalization of $10.11 billion, a PE ratio of 4.85, a P/E/G ratio of 0.18 and a beta of 0.55. The stock has a 50 day moving average of $8.83 and a two-hundred day moving average of $9.47.

Institutional Trading of Suzano

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Suzano by 80.5% during the third quarter. JPMorgan Chase & Co. now owns 443,593 shares of the company’s stock worth $4,170,000 after purchasing an additional 197,898 shares in the last quarter. Principal Financial Group Inc. boosted its position in Suzano by 274.1% during the third quarter. Principal Financial Group Inc. now owns 371,468 shares of the company’s stock worth $3,492,000 after purchasing an additional 272,168 shares in the last quarter. Seafarer Capital Partners LLC purchased a new stake in Suzano during the fourth quarter worth $2,475,000. Aberdeen Group plc acquired a new position in shares of Suzano in the fourth quarter worth $1,056,000. Finally, Compass Rose Asset Management LP acquired a new position in shares of Suzano in the third quarter worth $9,917,000. 2.55% of the stock is currently owned by hedge funds and other 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.