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

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s share price hit a new 52-week low on Monday . The company traded as low as $8.64 and last traded at $8.6750, with a volume of 1718878 shares. The stock had previously closed at $8.71.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Jefferies Financial Group assumed coverage on shares of Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price objective for the company. Weiss Ratings cut shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Bank of America cut shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Suzano currently has a consensus rating of “Hold” and an average target price of $12.20.

Suzano Price Performance

The stock’s 50-day moving average is $9.88 and its 200-day moving average is $9.60. The firm has a market cap of $10.81 billion, a P/E ratio of 5.19, a price-to-earnings-growth ratio of 0.19 and a beta of 0.59. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81.

Suzano (NYSE:SUZ) last announced its earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. Suzano had a net margin of 22.90% and a return on equity of 25.25%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. As a group, equities analysts anticipate that Suzano S.A. Sponsored ADR will post 1.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Suzano

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased 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 acquiring an additional 4,256 shares during the period. Venturi Wealth Management LLC bought a new stake in Suzano in the 1st quarter valued at $51,000. Parallel Advisors LLC increased its holdings in Suzano by 71.7% in the 3rd 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after buying an additional 1,400 shares during the period. Finally, Virtu Financial LLC bought a new stake in Suzano in the 3rd quarter valued at $94,000. Institutional investors own 2.55% of the company’s stock.

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.