Morgan Stanley upgraded shares of Suzano (NYSE:SUZ) from an equal weight rating to an overweight rating in a report released on Thursday morning, Briefing.com Automated Import reports.
Separately, Credit Suisse Group raised Suzano from a neutral rating to an outperform rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold.
Suzano stock traded down $0.23 during mid-day trading on Thursday, reaching $9.16. The stock had a trading volume of 985 shares, compared to its average volume of 258,386. The company has a debt-to-equity ratio of 30.46, a quick ratio of 1.27 and a current ratio of 1.57. Suzano has a fifty-two week low of $4.43 and a fifty-two week high of $10.84. The stock’s 50-day simple moving average is $7.85 and its 200-day simple moving average is $7.63. The firm has a market capitalization of $12.43 billion, a PE ratio of -3.16 and a beta of 1.47.
Suzano (NYSE:SUZ) last announced its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $1.49 billion for the quarter. Suzano had a positive return on equity of 20.00% and a negative net margin of 62.12%.
A number of hedge funds have recently bought and sold shares of the business. Westwood Global Investments LLC boosted its position in Suzano by 3.5% in the second quarter. Westwood Global Investments LLC now owns 648,736 shares of the company’s stock worth $4,385,000 after purchasing an additional 22,172 shares during the last quarter. Thomas White International Ltd. boosted its position in Suzano by 5.6% in the first quarter. Thomas White International Ltd. now owns 539,862 shares of the company’s stock worth $3,709,000 after purchasing an additional 28,644 shares during the last quarter. State Street Corp boosted its position in Suzano by 2.9% in the first quarter. State Street Corp now owns 463,198 shares of the company’s stock worth $3,182,000 after purchasing an additional 13,000 shares during the last quarter. Aperio Group LLC raised its stake in shares of Suzano by 101.9% in the first quarter. Aperio Group LLC now owns 350,988 shares of the company’s stock valued at $2,411,000 after buying an additional 177,103 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Suzano by 29.4% in the first quarter. Parametric Portfolio Associates LLC now owns 247,007 shares of the company’s stock valued at $1,697,000 after buying an additional 56,180 shares during the period. 0.80% of the stock is currently owned by institutional investors and hedge funds.
Suzano Company Profile
Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. The company offers coated and uncoated printing and writing papers, paperboards, tissue paper, market pulp, and fluff pulp; and lignin and its byproducts. It also engages in the plant genetic research and development for forestry, biopower, and biofuel industries.
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