Suzano (NYSE:SUZ) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Suzano (NYSE:SUZ) from a strong sell rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Suzano Stock Up 2.9%

Suzano stock opened at $9.54 on Thursday. The stock’s 50 day moving average price is $9.15 and its 200 day moving average price is $9.30. The company has a market cap of $12.27 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.18 and a beta of 0.72. 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 has a 1-year low of $8.41 and a 1-year high of $10.86.

Suzano (NYSE:SUZ) last released its earnings results on Thursday, November 6th. The company reported $0.29 EPS 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 business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.23 billion. On average, sell-side analysts predict that Suzano will post 1.93 EPS for the current fiscal year.

Suzano Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.2036 per share. The ex-dividend date is Monday, December 22nd. Suzano’s dividend payout ratio is presently 18.75%.

Hedge Funds Weigh In On Suzano

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