Suzano (NYSE:SUZ) Downgraded to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded Suzano from “hold” to “strong sell,” while the broader analyst consensus remains “hold,” with two Buy and two Sell ratings and an average price target of $13.20.
• Suzano shares opened at $9.14, above their 50-day and 200-day moving averages, but remain below the one-year high of $11.53. The company reported $0.28 in quarterly earnings per share on $2.24 billion in revenue.
• Institutional investors have made various adjustments to their positions, though hedge funds and other institutions collectively own only 2.55% of Suzano’s stock.

Suzano (NYSE:SUZ - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other research firms also recently commented on SUZ. Weiss Ratings downgraded shares of Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a 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 report on Monday, August 24th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.20.

Suzano Stock Down 0.1%

Shares of SUZ opened at $9.14 on Thursday. The stock has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.97. Suzano has a one year low of $7.55 and a one year high of $11.53. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.75 and a current ratio of 3.38. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.14 and a beta of 0.55.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.28 earnings per share 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 forecast that Suzano will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Suzano

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake 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 purchasing an additional 4,256 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Suzano in the 1st quarter valued at approximately $51,000. Parallel Advisors LLC grew its stake in shares of 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 shares of Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock worth $93,000 after buying an additional 1,400 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Suzano during the 1st quarter worth approximately $100,000. Hedge funds and other 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.

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