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

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.83 and last traded at $7.8740, with a volume of 252265 shares. The stock had previously closed at $8.10.

Analysts Set New Price Targets

SUZ has been the subject of a number of recent analyst reports. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Tuesday, April 7th. Zacks Research raised shares of Suzano from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Weiss Ratings downgraded shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.20.

Suzano Stock Performance

The stock’s 50-day moving average price is $8.56 and its 200-day moving average price is $9.42. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 4.65, a P/E/G ratio of 0.12 and a beta of 0.55. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51.

Hedge Funds Weigh In On Suzano

Several hedge funds and other institutional investors have recently bought and sold shares of SUZ. Caitong International Asset Management Co. Ltd boosted its position in Suzano by 11,502.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after purchasing an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Suzano in the first quarter valued at $51,000. Parallel Advisors LLC increased its position in shares of Suzano by 71.7% in the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after buying an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Suzano by 16.2% during the 1st 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 during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Suzano during the 1st quarter worth $100,000. 2.55% of the stock is owned by institutional investors and hedge funds.

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.