Suzano (NYSE:SUZ) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $8.77 and traded as high as $8.93. Suzano shares last traded at $8.8250, with a volume of 10,862,029 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SUZ shares. Zacks Research raised Suzano from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Bank of America upgraded Suzano from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a report on Monday, August 24th. Finally, Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Two research 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $13.20.

Suzano Stock Up 1.0%

The firm has a 50-day moving average of $8.82 and a two-hundred day moving average of $9.05. The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $11.14 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 0.12 and a beta of 0.50.

Suzano (NYSE:SUZ) last posted its earnings results on Tuesday, June 30th. The company reported $0.28 EPS for the quarter. Suzano had a return on equity of 14.92% and a net margin of 17.20%. The company had revenue of $2.24 billion for the quarter. Equities research analysts predict that Suzano S.A. Sponsored ADR will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of Suzano

Several institutional investors and hedge funds have recently bought and sold shares of SUZ. Tidal Investments LLC lifted its position in Suzano by 1.9% in the second quarter. Tidal Investments LLC now owns 74,484 shares of the company’s stock valued at $578,000 after buying an additional 1,386 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Suzano by 66.2% during the third quarter. Farther Finance Advisors LLC now owns 3,691 shares of the company’s stock valued at $32,000 after acquiring an additional 1,470 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Suzano by 77.0% during the third quarter. GAMMA Investing LLC now owns 3,512 shares of the company’s stock valued at $30,000 after acquiring an additional 1,528 shares during the last quarter. Choreo LLC increased its position in shares of Suzano by 16.9% during the third quarter. Choreo LLC now owns 13,196 shares of the company’s stock valued at $113,000 after acquiring an additional 1,911 shares during the last quarter. Finally, Compound Planning Inc. raised its stake in shares of Suzano by 11.8% in the 1st quarter. Compound Planning Inc. now owns 22,356 shares of the company’s stock valued at $224,000 after acquiring an additional 2,368 shares during the period. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Suzano Company Profile

Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.