Zacks Research Downgrades Suzano (NYSE:SUZ) to Hold

Suzano (NYSE:SUZ) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Bank of America cut shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research note on Tuesday, April 7th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.20.

Suzano Trading Down 1.0%

Shares of Suzano stock opened at $8.27 on Wednesday. The firm has a market capitalization of $10.25 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80. The company’s fifty day moving average price is $8.16 and its two-hundred day moving average price is $9.16. Suzano has a 52-week low of $7.55 and a 52-week high of $11.53.

Institutional Trading of Suzano

A number of large investors have recently bought and sold shares of SUZ. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Suzano by 11,502.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after acquiring an additional 4,256 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Suzano in the 1st quarter valued at $51,000. Parallel Advisors LLC grew its holdings in shares of Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after purchasing an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Suzano by 16.2% in 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. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Suzano during the 1st quarter worth about $100,000. 2.55% of the stock is currently owned by institutional investors.

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.