Suzano S.A. Sponsored ADR (NYSE:SUZ – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.00 and last traded at $7.9990, with a volume of 816984 shares traded. The stock had previously closed at $8.15.
Wall Street Analyst Weigh In
SUZ has been the subject of several analyst reports. Weiss Ratings cut Suzano from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Bank of America lowered shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a report on Tuesday, April 7th. Finally, Zacks Research raised Suzano from a “strong sell” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.20.
Get Our Latest Research Report on Suzano
Suzano Stock Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of SUZ. Mirae Asset Global Investments Co. Ltd. raised its holdings in Suzano by 3.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock worth $340,000 after acquiring an additional 1,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Suzano by 16.2% during the 1st 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. lifted its stake 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 purchasing an additional 1,419 shares during the period. Massachusetts Financial Services Co. MA grew its stake in 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 buying an additional 1,754 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Suzano by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 13,950 shares of the company’s stock worth $131,000 after buying an additional 1,992 shares in the last quarter. Institutional investors 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.
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