Suzano (NYSE:SUZ) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Suzano’s trading volume jumped 50% to 4.78 million shares, while the stock closed at $8.55, below its previous close of $8.64.
• Analyst sentiment is mixed: Bank of America upgraded the stock to “buy” with a $13 target, while Zacks moved it to “hold” and Weiss Ratings downgraded it to “sell.” The consensus rating remains “Hold”, with an average target price of $13.20.
• Suzano reported quarterly EPS of $0.28 on $2.24 billion in revenue, with a 17.2% net margin and 14.92% return on equity. Institutional investors own a relatively small 2.55% stake in the company.

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Get Free Report) saw unusually-strong trading volume on Monday. 4,776,092 shares traded hands during trading, an increase of 50% from the previous session's volume of 3,188,161 shares. The stock last traded at $8.5540 and had previously closed at $8.64.

Analyst Ratings Changes

A number of brokerages recently weighed in on SUZ. Zacks Research raised Suzano from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Bank of America upgraded shares of Suzano from a "neutral" rating to a "buy" rating and set a $13.00 price target on the stock in a report on Monday, August 24th. Finally, Weiss Ratings lowered shares of Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Suzano presently has a consensus rating of "Hold" and an average target price of $13.20.

Suzano Price Performance

The company's 50-day simple moving average is $8.79 and its 200 day simple moving average is $8.57. The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 6.84, a P/E/G ratio of 0.12 and a beta of 0.50.

Suzano (NYSE:SUZ - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $2.24 billion for the quarter. Suzano had a net margin of 17.20% and a return on equity of 14.92%. Equities research analysts forecast that Suzano S.A. Sponsored ADR will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Suzano

Institutional investors and hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in Suzano during the third quarter valued at approximately $594,000. 55 North Private Wealth LLC acquired a new stake in shares of Suzano in the 3rd quarter valued at about $90,000. Arkfeld Wealth Strategies L.L.C. grew its holdings in shares of Suzano by 13.8% during the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 26,476 shares of the company's stock worth $223,000 after buying an additional 3,205 shares in the last quarter. Mather Group LLC. bought a new stake in Suzano in the 3rd quarter valued at approximately $44,000. Finally, GAMMA Investing LLC grew its stake in shares of Suzano by 77.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the company's stock worth $30,000 after acquiring an additional 1,528 shares in the last quarter. Institutional investors and hedge funds own 2.55% of the company's stock.

Suzano Company Profile

Suzano SA is a Brazilian forest products company and one of the world's major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.