Suzano (NYSE:SUZ) Upgraded at Bank of America

Bank of America upgraded shares of Suzano (NYSE:SUZ) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, Marketbeat reports. They currently have $13.00 price objective on the stock.

Several other research firms also recently commented on SUZ. Zacks Research downgraded Suzano from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.20.

Suzano Stock Down 1.1%

Shares of NYSE:SUZ opened at $8.93 on Monday. Suzano has a 1-year low of $7.55 and a 1-year high of $11.53. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.38 and a quick ratio of 2.75. The stock has a market cap of $11.07 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.14 and a beta of 0.56. The firm has a fifty day moving average price of $8.21 and a 200 day moving average price of $9.04.

Suzano (NYSE:SUZ) last announced its earnings results on Tuesday, June 30th. The company reported $0.28 EPS for the quarter. Suzano had a net margin of 17.20% and a return on equity of 14.92%. The business had revenue of $2.24 billion during the quarter. Sell-side analysts predict that Suzano will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SUZ. Deutsche Bank AG raised its position in Suzano by 4,452.8% in the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock worth $68,678,000 after acquiring an additional 7,191,583 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Suzano by 30,234.5% during the 2nd quarter. Wellington Management Group LLP now owns 4,211,039 shares of the company’s stock worth $32,678,000 after purchasing an additional 4,197,157 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. boosted its position in shares of Suzano by 565.2% during the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock worth $25,918,000 after purchasing an additional 2,200,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Suzano by 323.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock worth $17,555,000 after purchasing an additional 1,435,994 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Suzano by 30.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock worth $41,793,000 after purchasing an additional 1,037,976 shares during the period. 2.55% of the stock is currently owned by institutional investors and hedge funds.

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.