Wall Street Zen Downgrades Suzano (NYSE:SUZ) to Hold

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

Several other brokerages have also 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 Stock Performance

Shares of NYSE:SUZ traded up $0.05 during midday trading on Friday, reaching $9.11. 1,212,012 shares of the company traded hands, compared to its average volume of 1,742,497. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of -65.03, a price-to-earnings-growth 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. The firm's fifty day moving average price is $9.31 and its two-hundred day moving average price is $9.56. Suzano has a 12 month low of $8.41 and a 12 month high of $10.98.

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 business 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, equities analysts expect that Suzano will post 1.93 earnings per share for the current year.

Institutional Investors Weigh In On Suzano

Several institutional investors have recently bought and sold shares of the stock. Atlas FRM LLC boosted its holdings in Suzano by 13.1% during the 4th quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock valued at $175,278,000 after acquiring an additional 2,000,000 shares during the period. Millennium Management LLC boosted its holdings in Suzano by 45,596.6% during the 4th quarter. Millennium Management LLC now owns 4,624,036 shares of the company's stock valued at $46,795,000 after acquiring an additional 4,613,917 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in Suzano by 465.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company's stock valued at $37,242,000 after acquiring an additional 3,029,016 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Suzano by 261.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company's stock valued at $21,557,000 after acquiring an additional 1,540,864 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in Suzano by 467.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 1,379,355 shares of the company's stock valued at $12,814,000 after acquiring an additional 1,136,226 shares during the period. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

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.