Suzano (NYSE:SUZ) Rating Lowered to Hold at Wall Street Zen

Wall Street Zen lowered shares of Suzano (NYSE:SUZ - Free Report) from a buy rating to a hold rating in a report released on Sunday morning.

Several other research firms also recently weighed in on SUZ. The Goldman Sachs Group upgraded shares of Suzano from a "neutral" rating to a "buy" rating in a research note on Friday, June 13th. UBS Group upgraded shares of Suzano to a "strong-buy" rating in a research note on Thursday, April 10th.

Suzano Stock Performance

SUZ stock traded down $0.01 during mid-day trading on Friday, hitting $8.98. The company had a trading volume of 1,854,947 shares, compared to its average volume of 1,747,405. The firm has a market cap of $11.89 billion, a PE ratio of -64.14, a price-to-earnings-growth ratio of 0.09 and a beta of 0.94. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.96 and a current ratio of 2.61. Suzano has a 12 month low of $8.41 and a 12 month high of $10.98. The stock's fifty day moving average price is $9.31 and its two-hundred day moving average price is $9.58.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). The company had revenue of $2.03 billion during 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 forecast that Suzano will post 1.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Suzano

Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Suzano by 10.6% during the fourth quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock valued at $126,000 after acquiring an additional 1,155 shares in the last quarter. Quantinno Capital Management LP grew its stake in Suzano by 8.7% during the fourth quarter. Quantinno Capital Management LP now owns 16,325 shares of the company's stock valued at $165,000 after acquiring an additional 1,312 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock valued at $93,000 after acquiring an additional 1,400 shares in the last quarter. US Bancorp DE grew its stake in Suzano by 20.3% during 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 in the last quarter. Finally, Signaturefd LLC grew its stake in Suzano by 28.9% during the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company's stock valued at $81,000 after acquiring an additional 1,787 shares in the last quarter. Hedge funds and other 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.