Suzano S.A. (NYSE:SUZ - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $8.81, but opened at $9.12. Suzano shares last traded at $9.32, with a volume of 448,514 shares.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded shares of Suzano to a "strong-buy" rating in a research note on Thursday, April 10th.
View Our Latest Stock Analysis on Suzano
Suzano Price Performance
The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 15.21 and a beta of 0.94. The company's 50 day moving average is $9.04 and its 200-day moving average is $9.75. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81.
Suzano (NYSE:SUZ - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share 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 net margin of 14.93% and a negative return on equity of 17.30%. Equities research analysts anticipate that Suzano S.A. will post 1.93 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in shares of Suzano during the first quarter worth approximately $28,000. Lindbrook Capital LLC grew its stake in shares of Suzano by 69.2% during the fourth quarter. Lindbrook Capital LLC now owns 3,004 shares of the company's stock worth $30,000 after buying an additional 1,229 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Suzano by 222.7% during the fourth quarter. Blue Trust Inc. now owns 6,592 shares of the company's stock worth $67,000 after buying an additional 4,549 shares during the last quarter. Signaturefd LLC grew its stake in shares of Suzano by 28.9% during the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company's stock worth $81,000 after buying an additional 1,787 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Suzano by 20.3% during 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 period. 2.55% of the stock is owned by institutional investors.
About Suzano
(
Get Free Report)
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.
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