Suzano S.A. Sponsored ADR (NYSE:SUZ – Get Free Report)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $8.77 and traded as high as $8.93. Suzano shares last traded at $8.8250, with a volume of 10,862,029 shares trading hands.
Analysts Set New Price Targets
SUZ has been the subject of several research analyst reports. Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Bank of America upgraded shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Monday, August 24th. Finally, Zacks Research raised shares of Suzano from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.20.
Get Our Latest Analysis on SUZ
Suzano Stock Up 2.1%
The company has a market capitalization of $10.94 billion, a P/E ratio of 7.00, a PEG ratio of 0.12 and a beta of 0.50. The company has a current ratio of 3.38, a quick ratio of 2.75 and a debt-to-equity ratio of 1.77. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $9.05.
Suzano (NYSE:SUZ – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $2.24 billion during the quarter. Suzano had a return on equity of 14.92% and a net margin of 17.20%. On average, research analysts anticipate that Suzano S.A. Sponsored ADR will post 1.64 earnings per share for the current fiscal year.
Institutional Trading of Suzano
Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Suzano by 77.0% in the third quarter. GAMMA Investing LLC now owns 3,512 shares of the company’s stock valued at $30,000 after buying an additional 1,528 shares during the period. Farther Finance Advisors LLC boosted its position in Suzano by 66.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,691 shares of the company’s stock worth $32,000 after buying an additional 1,470 shares during the period. Venturi Wealth Management LLC acquired a new stake in Suzano during the 1st quarter worth approximately $51,000. Mather Group LLC. acquired a new stake in Suzano during the 3rd quarter worth approximately $44,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Suzano during the 1st quarter worth approximately $100,000. 2.55% of the stock is currently owned by institutional investors.
About Suzano
Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.
Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.
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