Suzano (NYSE:SUZ) Stock Rating Upgraded by Zacks Research

Suzano (NYSE:SUZ) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Suzano Stock Performance

Shares of SUZ opened at $9.54 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.52 and a current ratio of 3.20. The stock has a 50 day moving average price of $9.15 and a two-hundred day moving average price of $9.30. The firm has a market capitalization of $12.27 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.18 and a beta of 0.72. Suzano has a 52 week low of $8.41 and a 52 week high of $10.86.

Suzano (NYSE:SUZ) last posted its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.23 billion. Equities analysts forecast that Suzano will post 1.93 earnings per share for the current fiscal year.

Institutional Trading of Suzano

A number of large investors have recently added to or reduced their stakes in SUZ. Parallel Advisors LLC raised its position in Suzano by 71.7% in the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after acquiring an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 purchasing an additional 1,400 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Suzano during the 3rd quarter worth approximately $94,000. Vident Advisory LLC bought a new stake in shares of Suzano in the 2nd quarter worth approximately $97,000. Finally, TD Waterhouse Canada Inc. purchased a new position in Suzano in the second quarter valued at approximately $100,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

About Suzano

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.