JPMorgan Chase & Co. Increases Position in Suzano S.A. Sponsored ADR $SUZ

Key Points

• JPMorgan Chase & Co. raised its position in Suzano by 80.5% in Q3, buying an additional 197,898 ADRs to hold 443,593 shares worth about $4.17 million.
• Analysts have a consensus rating of Moderate Buy with an average target of $13.40, and Jefferies recently initiated coverage with a "buy" and a $13.40 price objective.
• Suzano's ADRs trade near $9.86 (52‑week range $8.41–$11.53) with a P/E of 5.22 and $12.22B market cap, and the company recently beat quarterly EPS estimates ($0.02 vs. -$0.09) while reporting a 26.11% net margin.

JPMorgan Chase & Co. raised its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 80.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,593 shares of the company's stock after purchasing an additional 197,898 shares during the period. JPMorgan Chase & Co.'s holdings in Suzano were worth $4,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Compass Rose Asset Management LP bought a new position in shares of Suzano during the 3rd quarter valued at about $9,917,000. Ramirez Asset Management Inc. bought a new stake in Suzano in the 3rd quarter worth approximately $6,413,000. Principal Financial Group Inc. boosted its stake in Suzano by 274.1% in the third quarter. Principal Financial Group Inc. now owns 371,468 shares of the company's stock worth $3,492,000 after buying an additional 272,168 shares in the last quarter. Geo Capital Gestora de Recursos Ltd bought a new position in Suzano during the third quarter valued at approximately $2,247,000. Finally, TD Waterhouse Canada Inc. grew its position in Suzano by 2,036.5% during the third quarter. TD Waterhouse Canada Inc. now owns 230,742 shares of the company's stock valued at $2,164,000 after acquiring an additional 219,942 shares during the last quarter. Institutional investors own 2.55% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Suzano in a report on Thursday, February 5th. They issued a "buy" rating and a $13.40 price objective for the company. Zacks Research cut shares of Suzano from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Suzano in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.40.

Suzano Stock Performance

Shares of SUZ stock opened at $9.86 on Friday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 2.59 and a current ratio of 3.18. Suzano S.A. Sponsored ADR has a fifty-two week low of $8.41 and a fifty-two week high of $11.53. The stock has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $9.59. The company has a market capitalization of $12.22 billion, a P/E ratio of 5.22, a PEG ratio of 0.20 and a beta of 0.73.

Suzano (NYSE:SUZ - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.11. Suzano had a net margin of 26.11% and a return on equity of 30.84%. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.30 billion. Analysts expect that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current year.

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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