Suzano (NYSE:SUZ) Shares Down 1.3% - What's Next?

Key Points

• Suzano shares fell 1.3% to about $8.57 in Monday trading, with volume 24% below the average.
• Analyst opinions were mixed: Bank of America upgraded the stock to “buy” with a $13 target, while Weiss Ratings and Zacks Research downgraded it. The consensus rating remains “Hold,” with a $13.20 price target.
• Suzano reported quarterly EPS of $0.28 on $2.24 billion in revenue, while institutional investors own a relatively small 2.55% stake in the company.

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Get Free Report) dropped 1.3% during trading on Monday. The company traded as low as $8.53 and last traded at $8.5740. 2,040,188 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 2,699,467 shares. The stock had previously closed at $8.69.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings lowered Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, August 14th. Zacks Research lowered Suzano from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 3rd. Finally, Bank of America upgraded Suzano from a "neutral" rating to a "buy" rating and set a $13.00 target price for the company in a report on Monday, August 24th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.20.

Suzano Price Performance

The company has a market cap of $10.63 billion, a PE ratio of 6.80, a PEG ratio of 0.13 and a beta of 0.55. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.38 and a quick ratio of 2.75. The stock's 50-day moving average is $8.70 and its 200 day moving average is $8.75.

Suzano (NYSE:SUZ - Get Free Report) last released its quarterly 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%. On average, equities analysts anticipate that Suzano S.A. Sponsored ADR will post 1.55 earnings per share for the current fiscal year.

Institutional Trading of Suzano

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Suzano by 1.9% during the second quarter. Tidal Investments LLC now owns 74,484 shares of the company's stock worth $578,000 after purchasing an additional 1,386 shares during the period. Engineers Gate Manager LP raised its position in Suzano by 10.1% during the second quarter. Engineers Gate Manager LP now owns 53,200 shares of the company's stock valued at $413,000 after acquiring an additional 4,868 shares in the last quarter. Squarepoint Ops LLC raised its position in Suzano by 32.5% during the second quarter. Squarepoint Ops LLC now owns 14,519 shares of the company's stock valued at $113,000 after acquiring an additional 3,559 shares in the last quarter. Nykredit A S acquired a new position in Suzano in the second quarter valued at approximately $229,000. Finally, Endeavor Private Wealth Inc. acquired a new position in Suzano in the second quarter valued at approximately $99,000. Institutional investors and hedge funds own 2.55% of the company's stock.

About Suzano

Suzano SA is a Brazilian forest products company and one of the world's leading producers of eucalyptus-based hardwood pulp. The company cultivates eucalyptus forests, manages forestry assets, and operates pulp and paper production facilities in Brazil. Its products are sold to manufacturers and consumers in markets around the world.

Suzano's portfolio includes market pulp used in a broad range of paper and hygiene products, as well as printing and writing paper, paperboard, tissue products and other consumer paper goods.

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