Suzano (NYSE:SUZ) Trading 3.7% Higher

Suzano S.A. (NYSE:SUZ - Get Free Report) shares traded up 3.7% during trading on Thursday . The stock traded as high as $9.81 and last traded at $9.73. 2,767,320 shares traded hands during trading, an increase of 46% from the average session volume of 1,891,681 shares. The stock had previously closed at $9.38.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of Suzano from an "underweight" rating to an "equal weight" rating in a research note on Monday.

Suzano Trading Up 4.9 %

The business's 50-day moving average is $11.59 and its two-hundred day moving average is $11.16. The stock has a market capitalization of $13.03 billion, a PE ratio of 7.03 and a beta of 1.10. The company has a quick ratio of 2.36, a current ratio of 2.89 and a debt-to-equity ratio of 1.65.

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. Suzano had a net margin of 23.84% and a return on equity of 20.82%. The business had revenue of $1.91 billion for the quarter. During the same period in the prior year, the business posted $0.76 earnings per share. On average, analysts anticipate that Suzano S.A. will post 10.59 earnings per share for the current fiscal year.

Institutional Trading of Suzano

Institutional investors and hedge funds have recently bought and sold shares of the company. Ramirez Asset Management Inc. acquired a new position in shares of Suzano during the third quarter valued at $7,301,000. Moran Wealth Management LLC acquired a new position in shares of Suzano during the fourth quarter worth approximately $3,760,000. ANTIPODES PARTNERS Ltd grew its holdings in Suzano by 693.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 317,512 shares of the company's stock worth $3,606,000 after buying an additional 277,471 shares in the last quarter. Janus Henderson Group PLC raised its stake in Suzano by 44.0% during the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company's stock valued at $8,278,000 after acquiring an additional 198,068 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Suzano in the first quarter worth about $1,640,000. Institutional investors and hedge funds own 2.55% of the company's stock.

About Suzano

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.

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