Analysts Set Suzano S.A. Sponsored ADR (NYSE:SUZ) PT at $13.40

Suzano S.A. Sponsored ADR (NYSE:SUZ) has been assigned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One equities research 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 price target among analysts that have issued a report on the stock in the last year is $13.40.

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

Institutional Trading of Suzano

A number of hedge funds and other institutional investors have recently modified their holdings of SUZ. PNC Financial Services Group Inc. lifted its stake in shares of Suzano by 10.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,958 shares of the company’s stock valued at $113,000 after acquiring an additional 1,141 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Suzano by 3.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock valued at $340,000 after purchasing an additional 1,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Suzano by 5.2% during the third quarter. Moody National Bank Trust Division now owns 29,311 shares of the company’s stock worth $276,000 after purchasing an additional 1,438 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Suzano by 16.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock valued at $118,000 after buying an additional 1,754 shares during the period. Institutional investors own 2.55% of the company’s stock.

Suzano Price Performance

SUZ opened at $11.18 on Thursday. Suzano has a 12 month low of $8.41 and a 12 month high of $11.22. The company has a fifty day simple moving average of $9.48 and a 200 day simple moving average of $9.37. The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.97. The stock has a market cap of $14.80 billion, a P/E ratio of 5.91, a P/E/G ratio of 0.19 and a beta of 0.72.

Suzano (NYSE:SUZ) last released its earnings results on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. Suzano had a net margin of 26.11% and a return on equity of 31.21%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. On average, research analysts expect that Suzano will post 1.93 EPS for the current year.

Suzano Dividend Announcement

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

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.