Suzano (NYSE:SUZ) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Suzano shares rose 2.1%, trading above their 50-day moving average of $8.77 and reaching as high as $8.93; the stock last traded at $8.825.
• Analyst sentiment is mixed: Bank of America upgraded Suzano to “buy” with a $13 target, while Zacks moved to “hold” and Weiss Ratings downgraded it to “sell.” The consensus rating remains “Hold,” with a $13.20 target price.
• Suzano reported quarterly revenue of $2.24 billion and earnings of $0.28 per share, while maintaining a 17.2% net margin; institutional investors own 2.55% of the company.

Suzano S.A. Sponsored ADR (NYSE:SUZ - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $8.77 and traded as high as $8.93. Suzano shares last traded at $8.8250, with a volume of 10,862,029 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SUZ shares. Zacks Research upgraded shares of Suzano from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Bank of America raised shares of 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. Finally, Weiss Ratings downgraded shares of Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 14th. Two equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.20.

Suzano Stock Up 2.1%

The firm's 50-day moving average price is $8.77 and its 200 day moving average price is $9.05. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.12 and a beta of 0.50. The company has a current ratio of 3.38, a quick ratio of 2.75 and a debt-to-equity ratio of 1.77.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SUZ. GAMMA Investing LLC boosted its holdings in shares of Suzano by 77.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the company's stock valued at $30,000 after purchasing an additional 1,528 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Suzano by 66.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,691 shares of the company's stock valued at $32,000 after purchasing an additional 1,470 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Suzano in the 1st quarter valued at $51,000. Mather Group LLC. bought a new position in shares of Suzano in the 3rd quarter valued at $44,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Suzano in the 1st quarter valued at $100,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

About Suzano

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.

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