Suzano (NYSE:SUZ) Downgraded to "Hold" Rating by Zacks Research

Key Points

• Suzano has been downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating, followed by a similar downgrade from Wall Street Zen.
• The company currently holds a consensus rating of "Buy", with varying ratings from other analysts including one with a Strong Buy rating.
• Suzano's stock opened at $9.51, with a market capitalization of $12.59 billion and a credit profile reflected by a debt-to-equity ratio of 2.05.

Zacks Research lowered shares of Suzano (NYSE:SUZ - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday, September 8th,Zacks.com reports.

SUZ has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Suzano from a "buy" rating to a "hold" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group upgraded Suzano from a "neutral" rating to a "buy" rating in a research note on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Suzano Stock Performance

SUZ traded up $0.05 during trading hours on Monday, hitting $9.51. 518,134 shares of the stock were exchanged, compared to its average volume of 1,835,645. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.08 and a beta of 0.85. The stock has a 50-day simple moving average of $9.50 and a 200-day simple moving average of $9.34. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.16 and a quick ratio of 2.48. Suzano has a 12 month low of $8.41 and a 12 month high of $10.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SUZ. Headlands Technologies LLC boosted its stake in Suzano by 480.0% during the 2nd quarter. Headlands Technologies LLC now owns 17,567 shares of the company's stock valued at $165,000 after purchasing an additional 14,538 shares in the last quarter. Vident Advisory LLC bought a new position in shares of Suzano during the 2nd quarter valued at about $97,000. Balyasny Asset Management L.P. boosted its position in shares of Suzano by 4.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 465,964 shares of the company's stock valued at $4,385,000 after purchasing an additional 21,848 shares in the last quarter. Banco BTG Pactual S.A. raised its holdings in shares of Suzano by 46.3% in the 2nd quarter. Banco BTG Pactual S.A. now owns 23,706 shares of the company's stock worth $223,000 after purchasing an additional 7,506 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Suzano by 54.6% during the second quarter. Quantinno Capital Management LP now owns 57,320 shares of the company's stock valued at $539,000 after purchasing an additional 20,236 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors.

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.