Zacks Research Downgrades Suzano (NYSE:SUZ) to Hold

Key Points

• Zacks Research downgraded Suzano (NYSE:SUZ) from a "strong-buy" to a "hold," though the analyst consensus remains a "Moderate Buy" with a $13.40 price target.
• Quarterly results topped estimates — EPS $0.02 (vs. -$0.09 est.) and revenue $2.52B (vs. $2.30B est.) — with a 26.11% net margin, 30.84% ROE and a P/E of 5.67.
• Institutional inflows accelerated, notably Deutsche Bank boosting its stake by 4,452.8% to 7.35M shares, while JPMorgan, Goldman Sachs and State Street also increased holdings.

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 report released on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Suzano in a report on Monday, December 29th. Jefferies Financial Group began coverage on Suzano in a report on Thursday, February 5th. They set a "buy" rating and a $13.40 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Suzano has a consensus rating of "Moderate Buy" and a consensus price target of $13.40.

Suzano Stock Up 0.4%

Shares of NYSE SUZ opened at $10.72 on Monday. The firm's fifty day moving average is $10.16 and its 200 day moving average is $9.55. Suzano has a 52 week low of $8.41 and a 52 week high of $11.53. The company has a quick ratio of 2.59, a current ratio of 3.18 and a debt-to-equity ratio of 2.09. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 0.21 and a beta of 0.67.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.11. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. On average, equities research analysts expect that Suzano will post 1.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Deutsche Bank AG boosted its stake in Suzano by 4,452.8% during the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company's stock worth $68,678,000 after acquiring an additional 7,191,583 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Suzano by 323.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company's stock valued at $17,555,000 after purchasing an additional 1,435,994 shares in the last quarter. Compass Rose Asset Management LP purchased a new position in shares of Suzano during the third quarter valued at approximately $9,917,000. Goldman Sachs Group Inc. grew its stake in shares of Suzano by 30.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company's stock worth $41,793,000 after buying an additional 1,037,976 shares during the last quarter. Finally, State Street Corp increased its position in Suzano by 17.5% during the 4th quarter. State Street Corp now owns 5,667,599 shares of the company's stock valued at $54,086,000 after buying an additional 843,296 shares in the last quarter. 2.55% of the stock is currently owned by institutional investors.

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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