Suzano (NYSE:SUZ) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Suzano (NYSE:SUZ) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on SUZ. Weiss Ratings cut Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Bank of America lowered Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Suzano Trading Down 1.2%

Suzano stock opened at $7.92 on Tuesday. Suzano has a 52 week low of $7.55 and a 52 week high of $11.53. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The stock has a market capitalization of $9.81 billion, a P/E ratio of 4.71, a PEG ratio of 0.12 and a beta of 0.56. The stock has a 50-day simple moving average of $8.28 and a 200 day simple moving average of $9.33.

Institutional Trading of Suzano

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in Suzano by 26.2% in the 1st quarter. Empowered Funds LLC now owns 38,457 shares of the company’s stock valued at $385,000 after acquiring an additional 7,989 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. boosted its holdings in shares of Suzano by 565.2% during the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock worth $25,918,000 after acquiring an additional 2,200,000 shares during the period. Quantinno Capital Management LP grew its position in shares of Suzano by 56.5% in the first quarter. Quantinno Capital Management LP now owns 155,551 shares of the company’s stock valued at $1,557,000 after purchasing an additional 56,168 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Suzano by 41.7% in the first quarter. Renaissance Technologies LLC now owns 714,300 shares of the company’s stock valued at $7,150,000 after purchasing an additional 210,200 shares during the last quarter. Finally, Compound Planning Inc. grew its position in shares of Suzano by 11.8% in the first quarter. Compound Planning Inc. now owns 22,356 shares of the company’s stock valued at $224,000 after purchasing an additional 2,368 shares during the last quarter. Institutional investors own 2.55% of the company’s stock.

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.