Suzano (NYSE:SUZ) Upgraded to “Strong-Buy” at Zacks Research

Suzano (NYSE:SUZ) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

SUZ has been the subject of a number of other research reports. 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 Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Suzano presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Suzano Price Performance

Suzano stock opened at $7.92 on Tuesday. The firm has a market cap of $9.81 billion, a PE ratio of 4.71, a price-to-earnings-growth ratio of 0.12 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 stock’s fifty day moving average price is $8.28 and its two-hundred day moving average price is $9.33. Suzano has a one year low of $7.55 and a one year high of $11.53.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Deutsche Bank AG raised its holdings in shares of Suzano by 4,452.8% during the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock valued at $68,678,000 after purchasing an additional 7,191,583 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in shares of Suzano by 565.2% during the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock worth $25,918,000 after buying an additional 2,200,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Suzano by 323.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock worth $17,555,000 after purchasing an additional 1,435,994 shares during the last quarter. Compass Rose Asset Management LP purchased a new position in shares of Suzano in the 3rd quarter worth about $9,917,000. Finally, Goldman Sachs Group Inc. boosted its stake in Suzano by 30.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after acquiring an additional 1,037,976 shares during the last quarter. Institutional investors and hedge funds 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.