Suzano (NYSE:SUZ) Downgraded by Wall Street Zen to Hold

Key Points

• Suzano has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in outlook for the stock.
• Analysts from Goldman Sachs and UBS Group have recently upgraded Suzano, with Goldman Sachs changing its stance from "neutral" to "buy" and UBS rating it as a "strong-buy".
• The company reported a EPS of $0.87 for its last quarter, missing estimates, and has a market capitalization of $12.38 billion with considerable debt and liquidity metrics.

Wall Street Zen cut shares of Suzano (NYSE:SUZ - Free Report) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other equities research analysts also recently commented on SUZ. The Goldman Sachs Group upgraded Suzano from a "neutral" rating to a "buy" rating in a research report on Friday, June 13th. UBS Group upgraded Suzano to a "strong-buy" rating in a research report on Thursday, April 10th.

Suzano Price Performance

NYSE SUZ traded up $0.06 on Tuesday, reaching $9.33. 1,374,243 shares of the stock traded hands, compared to its average volume of 1,895,843. The firm's fifty day simple moving average is $9.30 and its 200 day simple moving average is $9.49. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 2.27. The company has a market cap of $12.35 billion, a price-to-earnings ratio of -66.60, a P/E/G ratio of 0.09 and a beta of 0.94. Suzano has a 12 month low of $8.41 and a 12 month high of $10.98.

Suzano (NYSE:SUZ - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.01). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $11.82 billion. Suzano had a negative net margin of 2.43% and a negative return on equity of 3.08%. As a group, research analysts predict that Suzano will post 1.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Suzano

A number of institutional investors and hedge funds have recently modified their holdings of SUZ. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Suzano in the first quarter valued at $517,000. Principal Financial Group Inc. lifted its holdings in shares of Suzano by 38.6% in the first quarter. Principal Financial Group Inc. now owns 181,167 shares of the company's stock valued at $1,683,000 after purchasing an additional 50,435 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Suzano by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock valued at $126,000 after purchasing an additional 1,155 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Suzano by 67.9% in the fourth quarter. Northern Trust Corp now owns 327,790 shares of the company's stock valued at $3,317,000 after purchasing an additional 132,516 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Suzano by 311.8% in the first quarter. GAMMA Investing LLC now owns 11,492 shares of the company's stock valued at $107,000 after purchasing an additional 8,701 shares in the last quarter. Institutional investors and hedge funds 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.