Suzano (NYSE:SUZ) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Suzano (NYSE:SUZ) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other research firms have also recently commented on SUZ. Weiss Ratings cut shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Bank of America downgraded shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Tuesday, April 7th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Suzano currently has an average rating of “Hold” and a consensus price target of $12.20.

Suzano Trading Down 1.0%

SUZ stock opened at $8.27 on Wednesday. The firm has a fifty day moving average price of $8.16 and a 200 day moving average price of $9.16. Suzano has a fifty-two week low of $7.55 and a fifty-two week high of $11.53. The firm has a market cap of $10.25 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51.

Institutional Investors Weigh In On Suzano

Several institutional investors have recently added to or reduced their stakes in the business. Amundi acquired a new stake in Suzano during the 1st quarter worth about $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 buying an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Suzano by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock worth $5,178,000 after acquiring an additional 70,396 shares in the last quarter. Jane Street Group LLC raised its position in shares of Suzano by 264.1% during the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock worth $769,000 after purchasing an additional 60,028 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Suzano by 109.6% during the second quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock valued at $2,312,000 after acquiring an additional 128,455 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.