Suzano (NYSE:SUZ) Sets New 12-Month Low – Here’s Why
by Doug Wharley · The Cerbat GemSuzano S.A. Sponsored ADR (NYSE:SUZ – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $8.48 and last traded at $8.51, with a volume of 1249458 shares. The stock had previously closed at $8.75.
Analyst Ratings Changes
SUZ has been the subject of a number of research reports. Jefferies Financial Group assumed coverage on Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target for the company. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Tuesday, April 7th. Weiss Ratings raised Suzano from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Zacks Research cut Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.20.
Read Our Latest Report on Suzano
Suzano Stock Down 2.0%
The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 5.10, a P/E/G ratio of 0.19 and a beta of 0.59. The stock has a fifty day moving average of $9.67 and a two-hundred day moving average of $9.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80.
Suzano (NYSE:SUZ – Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. Suzano had a return on equity of 25.25% and a net margin of 22.90%.The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Sell-side analysts anticipate that Suzano S.A. Sponsored ADR will post 1.04 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $40,000 after purchasing an additional 4,256 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Suzano in the first quarter valued at $51,000. Parallel Advisors LLC boosted its position in Suzano by 71.7% during the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after acquiring an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Suzano during the 3rd quarter worth about $94,000. Institutional investors and hedge funds own 2.55% of the company’s stock.
Suzano Company Profile
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.