Suzano (NYSE:SUZ) Cut to "Hold" at 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.

Suzano (NYSE:SUZ - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Wall Street Zen cut 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Suzano has a consensus rating of "Buy".

Suzano Stock Performance

Shares of SUZ opened at $9.51 on Monday. The stock has a 50-day moving average of $9.50 and a two-hundred day moving average of $9.35. Suzano has a one year low of $8.41 and a one year high of $10.98. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16. The stock has a market cap of $12.59 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.09 and a beta of 0.85.

Institutional Investors Weigh In On Suzano

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUZ. Dimensional Fund Advisors LP increased its stake in Suzano by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 170,356 shares of the company's stock worth $1,724,000 after buying an additional 25,833 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Suzano by 67.9% during the 4th quarter. Northern Trust Corp now owns 327,790 shares of the company's stock worth $3,317,000 after purchasing an additional 132,516 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Suzano by 43.2% during the 4th quarter. Jane Street Group LLC now owns 22,732 shares of the company's stock worth $230,000 after purchasing an additional 6,858 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Suzano by 10.6% during the 4th quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock worth $126,000 after purchasing an additional 1,155 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Suzano by 671.7% during the 4th quarter. BNP Paribas Financial Markets now owns 199,049 shares of the company's stock worth $2,014,000 after purchasing an additional 173,257 shares during the last quarter. Hedge funds and other institutional investors own 2.55% of the company's stock.

Suzano Company Profile

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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