Wall Street Zen Upgrades Suzano (NYSE:SUZ) to "Buy"

Wall Street Zen upgraded shares of Suzano (NYSE:SUZ - Free Report) from a hold rating to a buy rating in a research note released on Monday morning.

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

Suzano Trading Down 0.4%

NYSE SUZ traded down $0.04 during mid-day trading on Monday, reaching $9.36. 1,521,528 shares of the stock were exchanged, compared to its average volume of 1,622,077. Suzano has a one year low of $8.41 and a one year high of $10.98. The stock has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $9.52. The stock has a market cap of $12.39 billion, a P/E ratio of -66.82, a P/E/G ratio of 0.09 and a beta of 0.94. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.61 and a quick ratio of 1.96.

Suzano (NYSE:SUZ - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share 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 return on equity of 3.08% and a negative net margin of 2.43%. On average, analysts anticipate that Suzano will post 1.93 EPS for the current year.

Hedge Funds Weigh In On Suzano

A number of institutional investors have recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new position in Suzano in the 1st quarter worth $28,000. Signaturefd LLC raised its holdings in Suzano by 28.9% in the 4th quarter. Signaturefd LLC now owns 7,969 shares of the company's stock worth $81,000 after purchasing an additional 1,787 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock worth $93,000 after purchasing an additional 1,400 shares in the last quarter. GAMMA Investing LLC raised its holdings in Suzano by 311.8% in the 1st quarter. GAMMA Investing LLC now owns 11,492 shares of the company's stock worth $107,000 after purchasing an additional 8,701 shares in the last quarter. Finally, OLD Mission Capital LLC raised its holdings in Suzano by 17.3% in the 4th quarter. OLD Mission Capital LLC now owns 12,488 shares of the company's stock worth $126,000 after purchasing an additional 1,843 shares in the last quarter. 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.