Suzano (NYSE:SUZ) Sees Unusually-High Trading Volume – What’s Next?

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) saw an uptick in trading volume on Monday. 4,776,092 shares traded hands during trading, an increase of 50% from the previous session’s volume of 3,188,161 shares. The stock last traded at $8.5540 and had previously closed at $8.64.

Analyst Upgrades and Downgrades

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

Suzano Trading Up 0.3%

The firm has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $8.57. The firm has a market cap of $10.74 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.12 and a beta of 0.50. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.75 and a current ratio of 3.38.

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

Institutional Trading of Suzano

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Suzano by 77.0% during the 3rd 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 in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Suzano by 66.2% in the third quarter. Farther Finance Advisors LLC now owns 3,691 shares of the company’s stock worth $32,000 after buying an additional 1,470 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Suzano in the first quarter valued at approximately $51,000. Mather Group LLC. acquired a new stake in Suzano during the 3rd quarter worth approximately $44,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Suzano during the 1st quarter worth $100,000. Institutional investors own 2.55% of the company’s stock.

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.