Suzano (NYSE:SUZ) Upgraded to Buy at The Goldman Sachs Group

Suzano (NYSE:SUZ - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research note issued to investors on Friday, Marketbeat reports.

Separately, UBS Group raised Suzano to a "strong-buy" rating in a report on Thursday, April 10th.

Suzano Stock Performance

SUZ traded up $0.11 during trading on Friday, hitting $9.87. The stock had a trading volume of 1,742,868 shares, compared to its average volume of 1,929,478. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81. Suzano has a 12 month low of $8.41 and a 12 month high of $10.98. The company has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $9.71. The firm has a market cap of $13.06 billion, a PE ratio of 15.66 and a beta of 0.92.

Suzano (NYSE:SUZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.01). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $11.82 billion. Suzano had a negative net margin of 14.93% and a negative return on equity of 17.30%. Analysts expect that Suzano will post 1.93 EPS for the current year.

Institutional Investors Weigh In On Suzano

A number of institutional investors have recently bought and sold shares of SUZ. Financial Management Professionals Inc. bought a new position in shares of Suzano during the 1st quarter worth about $28,000. Lindbrook Capital LLC boosted its stake in Suzano by 69.2% in the 4th quarter. Lindbrook Capital LLC now owns 3,004 shares of the company's stock valued at $30,000 after buying an additional 1,229 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Suzano by 222.7% in the 4th quarter. Blue Trust Inc. now owns 6,592 shares of the company's stock worth $67,000 after purchasing an additional 4,549 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Suzano by 28.9% during the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company's stock worth $81,000 after buying an additional 1,787 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Suzano by 20.3% in the fourth quarter. US Bancorp DE now owns 9,177 shares of the company's stock valued at $93,000 after acquiring an additional 1,547 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company's stock.

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.