Suzano (NYSE:SUZ) Upgraded to Buy at Wall Street Zen

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 Saturday morning.

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

Suzano Stock Performance

Shares of SUZ stock remained flat at $9.31 during mid-day trading on Friday. 1,557,544 shares of the stock were exchanged, compared to its average volume of 1,739,103. Suzano has a 12-month low of $8.41 and a 12-month high of $10.98. The firm's 50 day moving average price is $9.30 and its 200 day moving average price is $9.60. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of -66.50, a PEG ratio of 0.09 and a beta of 0.94. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 2.27.

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

Institutional Trading of Suzano

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Suzano by 20.3% in the fourth quarter. US Bancorp DE now owns 9,177 shares of the company's stock worth $93,000 after purchasing an additional 1,547 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Suzano by 69.2% in the 4th quarter. Lindbrook Capital LLC now owns 3,004 shares of the company's stock worth $30,000 after buying an additional 1,229 shares in the last quarter. SPX Gestao de Recursos Ltda increased its holdings in shares of Suzano by 17.1% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 162,031 shares of the company's stock worth $1,640,000 after buying an additional 23,716 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in shares of Suzano by 162.4% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 517,821 shares of the company's stock valued at $5,241,000 after buying an additional 320,498 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Suzano by 28.9% during the 4th quarter. Signaturefd LLC now owns 7,969 shares of the company's stock valued at $81,000 after buying an additional 1,787 shares in the last quarter. Institutional investors 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.