Suzano S.A. Sponsored ADR (NYSE:SUZ) Given Average Recommendation of “Buy” by Brokerages

Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) have earned an average rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.40.

Several research firms have weighed in on SUZ. Jefferies Financial Group started coverage on shares of Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target for the company. Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th.

Suzano Stock Performance

NYSE:SUZ opened at $10.41 on Monday. Suzano has a 1-year low of $8.41 and a 1-year high of $11.53. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 2.59. The business has a 50 day moving average of $10.10 and a 200 day moving average of $9.54. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.20 and a beta of 0.67.

Suzano (NYSE:SUZ) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.11. Suzano had a net margin of 26.11% and a return on equity of 30.84%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.30 billion. On average, sell-side analysts predict that Suzano will post 1.93 earnings per share for the current fiscal year.

Suzano Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, February 11th. Shareholders of record on Monday, December 22nd were given a $0.2036 dividend. The ex-dividend date was Monday, December 22nd. Suzano’s payout ratio is presently 9.52%.

Institutional Investors Weigh In On Suzano

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Suzano by 18,802.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,994 shares of the company’s stock valued at $65,000 after acquiring an additional 6,957 shares in the last quarter. Virtu Financial LLC raised its holdings in Suzano by 61.8% in the 4th quarter. Virtu Financial LLC now owns 16,231 shares of the company’s stock worth $152,000 after purchasing an additional 6,197 shares in the last quarter. Compound Planning Inc. lifted its position in shares of Suzano by 7.6% in the 4th quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock worth $187,000 after purchasing an additional 1,419 shares during the period. Vident Advisory LLC boosted its stake in shares of Suzano by 19.5% during the 4th quarter. Vident Advisory LLC now owns 16,427 shares of the company’s stock valued at $153,000 after purchasing an additional 2,679 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Suzano during the fourth quarter valued at about $285,000. 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.