Suzano S.A. Sponsored ADR (NYSE:SUZ) Given Consensus Recommendation of “Hold” by Analysts

Suzano S.A. Sponsored ADR (NYSE:SUZ) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.20.

A number of brokerages have recently issued reports on SUZ. Bank of America downgraded 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. Zacks Research cut Suzano from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings cut Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd.

Suzano Trading Up 0.3%

Shares of NYSE:SUZ opened at $8.15 on Wednesday. The company has a market cap of $10.10 billion, a P/E ratio of 4.85, a PEG ratio of 0.18 and a beta of 0.55. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80. Suzano has a 1 year low of $8.00 and a 1 year high of $11.53. The stock’s fifty day moving average price is $8.90 and its 200-day moving average price is $9.48.

Institutional Trading of Suzano

A number of hedge funds have recently bought and sold shares of SUZ. Caitong International Asset Management Co. Ltd increased its position in Suzano by 11,502.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after acquiring an additional 4,256 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Suzano during the first quarter valued at $51,000. Parallel Advisors LLC increased its position in Suzano by 71.7% during the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after acquiring an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 acquiring an additional 1,400 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Suzano during the third quarter valued at $94,000. 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.