Suzano (NYSE:SUZ) Sees Large Volume Increase After Analyst Upgrade

Key Points

• Bank of America upgraded Suzano to “buy” from “neutral” and set a $13.00 price target, prompting heavier trading. Shares rose 4.0% to $9.136, with about 2.5 million shares changing hands.
• Analyst sentiment remains mixed: two analysts rate the stock Buy, one Hold, and one Sell, resulting in a consensus “Hold” rating and an average target price of $13.20.
• Suzano reported quarterly EPS of $0.28 on $2.24 billion in revenue, with a 17.2% net margin and 14.92% return on equity. Hedge funds and institutional investors own approximately 2.55% of the company.

Suzano S.A. Sponsored ADR (NYSE:SUZ - Get Free Report) shares saw strong trading volume on Monday after Bank of America upgraded the stock from a neutral rating to a buy rating. Bank of America now has a $13.00 price target on the stock. Approximately 2,515,209 shares were traded during trading, a decline of 23% from the previous session's volume of 3,252,217 shares.The stock last traded at $9.1360 and had previously closed at $8.78.

Other equities research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Suzano from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $13.20.

Institutional Investors Weigh In On Suzano

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Suzano by 11,502.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company's stock worth $40,000 after acquiring an additional 4,256 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Suzano during the first quarter valued at approximately $51,000. Parallel Advisors LLC lifted its position in shares of Suzano by 71.7% during the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company's stock worth $88,000 after purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock worth $93,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Suzano in the third quarter valued at $94,000. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Suzano Stock Up 4.0%

The firm's 50 day moving average price is $8.17 and its two-hundred day moving average price is $9.05. The firm has a market capitalization of $11.33 billion, a PE ratio of 7.25, a P/E/G ratio of 0.14 and a beta of 0.56. The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77.

Suzano (NYSE:SUZ - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. Suzano had a net margin of 17.20% and a return on equity of 14.92%. The firm had revenue of $2.24 billion for the quarter. As a group, research analysts forecast that Suzano S.A. Sponsored ADR will post 1.42 EPS for the current fiscal year.

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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