Suzano (NYSE:SUZ) Cut to Strong Sell at Zacks Research

Suzano (NYSE:SUZ) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Suzano presently has an average rating of “Moderate Buy”.

Suzano Stock Up 2.0%

Shares of NYSE SUZ opened at $9.52 on Wednesday. The business has a 50-day moving average of $9.13 and a two-hundred day moving average of $9.30. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.22 and a beta of 0.74. Suzano has a 1 year low of $8.41 and a 1 year high of $10.86. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52.

Suzano (NYSE:SUZ) last issued its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Suzano had a net margin of 13.03% and a return on equity of 16.39%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.23 billion. On average, analysts forecast that Suzano will post 1.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SUZ. PNC Financial Services Group Inc. increased its stake in shares of Suzano by 10.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,958 shares of the company’s stock valued at $113,000 after acquiring an additional 1,141 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $93,000 after purchasing an additional 1,400 shares during the period. Moody National Bank Trust Division boosted its position in Suzano by 5.2% in the 3rd quarter. Moody National Bank Trust Division now owns 29,311 shares of the company’s stock valued at $276,000 after buying an additional 1,438 shares during the last quarter. Compound Planning Inc. grew its stake in shares of Suzano by 11.3% during the third quarter. Compound Planning Inc. now owns 18,569 shares of the company’s stock valued at $175,000 after acquiring an additional 1,885 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Suzano by 15.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,503 shares of the company’s stock worth $212,000 after purchasing an additional 2,980 shares during the last quarter. Institutional investors and hedge funds 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.