Suzano (NYSE:SUZ) Reaches New 1-Year High – Time to Buy?

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $11.38 and last traded at $11.3750, with a volume of 355014 shares trading hands. The stock had previously closed at $11.00.

Analyst Ratings Changes

A number of research firms have recently issued reports on SUZ. Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Finally, Jefferies Financial Group assumed coverage on Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $13.40.

Suzano Price Performance

The firm has a market cap of $14.13 billion, a P/E ratio of 6.03, a PEG ratio of 0.22 and a beta of 0.72. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 2.59. The company’s 50-day moving average is $9.88 and its two-hundred day moving average is $9.49.

Suzano (NYSE:SUZ) last issued its earnings results on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. Sell-side analysts anticipate that Suzano S.A. Sponsored ADR will post 1.93 EPS for the current fiscal year.

Suzano Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, February 11th. Shareholders of record on Monday, December 22nd were given a $0.2036 dividend. The ex-dividend date was Monday, December 22nd. Suzano’s dividend payout ratio (DPR) is currently 9.52%.

Hedge Funds Weigh In On Suzano

A number of hedge funds have recently modified their holdings of SUZ. Principal Financial Group Inc. increased its stake in shares of Suzano by 274.1% in the 3rd quarter. Principal Financial Group Inc. now owns 371,468 shares of the company’s stock valued at $3,492,000 after acquiring an additional 272,168 shares in the last quarter. American Century Companies Inc. grew its holdings in Suzano by 36.2% in the second quarter. American Century Companies Inc. now owns 1,591,333 shares of the company’s stock worth $14,974,000 after purchasing an additional 422,897 shares during the period. TD Waterhouse Canada Inc. increased its stake in Suzano by 2,036.5% in the third quarter. TD Waterhouse Canada Inc. now owns 230,742 shares of the company’s stock valued at $2,164,000 after purchasing an additional 219,942 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Suzano by 24.8% during the second quarter. Metis Global Partners LLC now owns 232,174 shares of the company’s stock valued at $2,185,000 after purchasing an additional 46,177 shares during the period. Finally, Waterfront Wealth Inc. raised its holdings in shares of Suzano by 2.2% during 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 period. Institutional investors and hedge funds own 2.55% of the company’s stock.

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.