Suzano's (SUZ) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Suzano's (NYSE:SUZ) stock rating has been reiterated as "hold (c)" by Weiss Ratings, indicating a cautious outlook for investors.
• Recent ratings changes by other analysts have also lowered Suzano from "buy" or "strong-buy" to "hold," with an average rating now classified as "Moderate Buy."
• The company's market performance shows a current stock price of $9.13, with significant institutional investment, including increases from PNC Financial Services and Vanguard Personalized Indexing Management.

Suzano (NYSE:SUZ - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

SUZ has been the subject of a number of other research reports. Wall Street Zen lowered Suzano from a "buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Zacks Research lowered Suzano from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Suzano currently has an average rating of "Moderate Buy".

Suzano Price Performance

SUZ stock opened at $9.13 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16. Suzano has a 1 year low of $8.41 and a 1 year high of $10.98. The firm has a market cap of $12.08 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 0.08 and a beta of 0.81. The stock has a 50-day simple moving average of $9.37 and a 200-day simple moving average of $9.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Suzano by 10.5% in the second quarter. PNC Financial Services Group Inc. now owns 11,958 shares of the company's stock valued at $113,000 after purchasing an additional 1,141 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock valued at $93,000 after purchasing an additional 1,400 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Suzano by 5.2% in the third quarter. Moody National Bank Trust Division now owns 29,311 shares of the company's stock valued at $276,000 after purchasing an additional 1,438 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Suzano by 15.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,503 shares of the company's stock valued at $212,000 after purchasing an additional 2,980 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in Suzano by 2.2% in the second quarter. Waterfront Wealth Inc. now owns 317,605 shares of the company's stock valued at $2,989,000 after purchasing an additional 6,822 shares during the last quarter. Hedge funds and other institutional investors own 2.55% of the company's stock.

Suzano Company Profile

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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