Suzano (NYSE:SUZ) Shares Gap Down to $10.21

Suzano S.A. (NYSE:SUZ - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $10.21, but opened at $9.77. Suzano shares last traded at $9.77, with a volume of 784,479 shares trading hands.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Suzano from an "underweight" rating to an "equal weight" rating in a report on Monday.

Suzano Trading Down 6.0 %

The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.36 and a current ratio of 2.89. The firm has a market capitalization of $12.71 billion, a P/E ratio of 6.90 and a beta of 1.10. The firm has a 50 day simple moving average of $11.69 and a two-hundred day simple moving average of $11.18.

Suzano (NYSE:SUZ - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $1.91 billion during the quarter. Suzano had a return on equity of 20.82% and a net margin of 23.84%. During the same period in the prior year, the company earned $0.76 earnings per share. Equities research analysts forecast that Suzano S.A. will post 10.59 earnings per share for the current year.

Institutional Trading of Suzano

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in Suzano by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company's stock valued at $100,000 after buying an additional 1,222 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Suzano by 8.7% during the 4th quarter. Quadrant Capital Group LLC now owns 16,264 shares of the company's stock worth $185,000 after acquiring an additional 1,304 shares during the period. QRG Capital Management Inc. lifted its stake in Suzano by 18.0% in the 4th quarter. QRG Capital Management Inc. now owns 15,119 shares of the company's stock worth $172,000 after purchasing an additional 2,305 shares in the last quarter. Waterfront Wealth Inc. boosted its holdings in Suzano by 1.3% in the 4th quarter. Waterfront Wealth Inc. now owns 196,969 shares of the company's stock valued at $2,238,000 after purchasing an additional 2,502 shares during the period. Finally, Metis Global Partners LLC boosted its stake in Suzano by 9.4% during the third quarter. Metis Global Partners LLC now owns 62,983 shares of the company's stock valued at $677,000 after buying an additional 5,419 shares during the period. Institutional investors own 2.55% of the company's stock.

Suzano Company Profile

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.