Suzano S.A. Sponsored ADR (NYSE:SUZ) Receives $12.20 Consensus PT from Analysts

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZGet Free Report) have received an average rating of “Hold” from the four brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.20.

Several analysts have recently issued reports on SUZ shares. Zacks Research raised Suzano from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings lowered Suzano from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Finally, Bank of America lowered 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.

Read Our Latest Analysis on SUZ

Institutional Trading of Suzano

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Suzano by 11,502.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after purchasing an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Suzano during the 1st quarter worth $51,000. Parallel Advisors LLC boosted its stake in Suzano by 71.7% in the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after buying an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after buying an additional 1,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Suzano in the first quarter valued at about $100,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Performance

Shares of NYSE:SUZ opened at $8.45 on Wednesday. The firm has a market cap of $10.47 billion, a PE ratio of 5.03, a PEG ratio of 0.18 and a beta of 0.55. Suzano has a 12-month low of $7.92 and a 12-month high of $11.53. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81. The company’s 50 day moving average price is $8.73 and its two-hundred day moving average price is $9.46.

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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