Suzano (NYSE:SUZ) Hits New 1-Year High – What’s Next?

Suzano S.A. Sponsored ADR (NYSE:SUZ) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $11.38 and last traded at $11.3750, with a volume of 355014 shares changing hands. The stock had previously closed at $11.00.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th. Finally, Jefferies Financial Group began coverage on Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $13.40.

Suzano Stock Performance

The company has a quick ratio of 2.59, a current ratio of 3.18 and a debt-to-equity ratio of 2.09. The stock’s 50-day moving average price is $9.78 and its 200 day moving average price is $9.46. The company has a market cap of $14.13 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.21 and a beta of 0.72.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.11. Suzano had a return on equity of 30.84% and a net margin of 26.11%.The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.30 billion. As a group, research analysts expect that Suzano S.A. Sponsored ADR will post 1.93 EPS for the current fiscal year.

Suzano Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2036 per share. The ex-dividend date was Monday, December 22nd. Suzano’s dividend payout ratio is 9.52%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $40,000 after purchasing an additional 4,256 shares during the period. Parallel Advisors LLC raised its position in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 acquiring an additional 1,400 shares in the last quarter. Virtu Financial LLC purchased a new stake in Suzano in the third quarter worth about $94,000. Finally, Vident Advisory LLC bought a new stake in shares of Suzano in the 2nd quarter worth $97,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

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.