Suzano (NYSE:SUZ) Shares Gap Up - Time to Buy?

Suzano S.A. (NYSE:SUZ - Get Free Report)'s share price gapped up before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Suzano to a "strong-buy" rating in a report on Thursday, April 10th.

Suzano Price Performance

The company has a 50-day simple moving average of $9.04 and a two-hundred day simple moving average of $9.73. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 15.21 and a beta of 0.92. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.72 and a quick ratio of 1.40.

Suzano (NYSE:SUZ - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). Suzano had a negative return on equity of 17.30% and a negative net margin of 14.93%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $11.82 billion. On average, equities research analysts predict that Suzano S.A. will post 1.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Suzano by 67.9% in the fourth quarter. Northern Trust Corp now owns 327,790 shares of the company's stock valued at $3,317,000 after acquiring an additional 132,516 shares during the period. US Bancorp DE raised its stake in Suzano by 20.3% during the 4th quarter. US Bancorp DE now owns 9,177 shares of the company's stock valued at $93,000 after purchasing an additional 1,547 shares during the last quarter. Atlas FRM LLC boosted its holdings in Suzano by 13.1% in the 4th quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock valued at $175,278,000 after purchasing an additional 2,000,000 shares during the period. JPMorgan Chase & Co. grew its position in Suzano by 6,335.9% in the 4th quarter. JPMorgan Chase & Co. now owns 117,327 shares of the company's stock worth $1,187,000 after purchasing an additional 115,504 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Suzano by 28.9% during the 4th quarter. Signaturefd LLC now owns 7,969 shares of the company's stock worth $81,000 after purchasing an additional 1,787 shares during the period. 2.55% of the stock is currently owned by institutional investors and hedge funds.

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.