Suzano (NYSE:SUZ) Reaches New 12-Month Low – Should You Sell?

Suzano S.A. Sponsored ADR (NYSE:SUZGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $8.48 and last traded at $8.51, with a volume of 1249458 shares traded. The stock had previously closed at $8.75.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Suzano from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Jefferies Financial Group started coverage on shares of Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price target for the company. Bank of America downgraded shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, April 7th. Finally, Zacks Research lowered shares of Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Suzano has a consensus rating of “Hold” and a consensus price target of $12.20.

Check Out Our Latest Analysis on Suzano

Suzano Stock Down 3.7%

The firm’s 50 day simple moving average is $9.57 and its 200-day simple moving average is $9.59. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 4.90, a P/E/G ratio of 0.19 and a beta of 0.59. 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:SUZGet Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. Suzano had a return on equity of 25.25% and a net margin of 22.90%.The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. As a group, 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

Institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Suzano by 3.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock valued at $340,000 after buying an additional 1,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after acquiring an additional 1,400 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Suzano by 7.6% in the 4th quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock valued at $187,000 after acquiring an additional 1,419 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Suzano by 16.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock valued at $118,000 after acquiring an additional 1,754 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Suzano by 16.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,950 shares of the company’s stock valued at $131,000 after purchasing an additional 1,992 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

About Suzano

(Get Free Report)

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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