Suzano (NYSE:SUZ) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Suzano from “strong buy” to “hold,” following other cautious moves from Weiss Ratings and Bank of America.
• Analyst sentiment is now mixed-to-neutral: one analyst rates the stock a Buy, three rate it Hold, and the consensus price target is $12.20.
• Suzano shares opened at $8.27, compared with a 52-week range of $7.55 to $11.53; institutional investors own 2.55% of the company and several major firms increased their positions.

Suzano (NYSE:SUZ - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Suzano from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 18th. Bank of America downgraded Suzano from a "buy" rating to a "neutral" rating and set a $11.00 target price for the company. in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.20.

Suzano Stock Performance

SUZ opened at $8.27 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The company has a market cap of $10.25 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56. The stock has a 50-day moving average of $8.16 and a 200-day moving average of $9.16. Suzano has a 52-week low of $7.55 and a 52-week high of $11.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SUZ. Amundi bought a new stake in shares of Suzano in the first quarter valued at about $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 during the period. Goldman Sachs Group Inc. raised its holdings in Suzano by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company's stock valued at $5,178,000 after acquiring an additional 70,396 shares in the last quarter. Jane Street Group LLC raised its holdings in Suzano by 264.1% in the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company's stock valued at $769,000 after acquiring an additional 60,028 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Suzano by 109.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company's stock worth $2,312,000 after acquiring an additional 128,455 shares during the period. Institutional investors own 2.55% of the company's stock.

About Suzano

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world's leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano's business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.

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