Brokerages Set Suzano S.A. Sponsored ADR (NYSE:SUZ) Target Price at $12.20

Suzano S.A. Sponsored ADR (NYSE:SUZ) has been assigned an average recommendation of “Hold” from the four analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $12.20.

SUZ has been the topic of several recent analyst reports. Zacks Research upgraded Suzano from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Bank of America lowered Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Tuesday, April 7th. Finally, Weiss Ratings lowered Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd.

Suzano Trading Up 1.2%

Shares of SUZ opened at $8.25 on Wednesday. Suzano has a 52-week low of $7.92 and a 52-week high of $11.53. The business’s fifty day moving average is $8.79 and its 200-day moving average is $9.46. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 0.18 and a beta of 0.55.

Hedge Funds Weigh In On Suzano

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Suzano by 11,502.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after purchasing an additional 4,256 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Suzano in the 1st quarter valued at $51,000. Parallel Advisors LLC grew its position in Suzano by 71.7% during the 3rd 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 last quarter. 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. Finally, Virtu Financial LLC bought a new stake in Suzano during the 3rd quarter worth $94,000. 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.