Suzano (NYSE:SUZ – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.
A number of other research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Bank of America downgraded shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.20.
Read Our Latest Stock Analysis on Suzano
Suzano Trading Up 0.3%
Institutional Trading of Suzano
Several hedge funds have recently bought and sold shares of SUZ. Deutsche Bank AG lifted its position in Suzano by 4,452.8% in the 4th quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock valued at $68,678,000 after purchasing an additional 7,191,583 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in Suzano by 565.2% in the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock valued at $25,918,000 after purchasing an additional 2,200,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Suzano by 323.7% in the 4th 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 during the last quarter. Compass Rose Asset Management LP bought a new stake in Suzano in the 3rd quarter valued at about $9,917,000. Finally, Goldman Sachs Group Inc. lifted its position in Suzano by 30.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after purchasing an additional 1,037,976 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors.
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.
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