Suzano (NYSE:SUZ) Trading Up 5.7%

Suzano S.A. (NYSE:SUZ)’s share price was up 5.7% on Thursday . The stock traded as high as $8.22 and last traded at $8.21, approximately 361,267 shares changed hands during trading. An increase of 59% from the average daily volume of 227,230 shares. The stock had previously closed at $7.77.

Several analysts have weighed in on SUZ shares. ValuEngine upgraded Suzano from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup downgraded Suzano from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, Goldman Sachs Group downgraded Suzano from a “buy” rating to a “neutral” rating in a research note on Friday, September 20th.

The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.14 and a current ratio of 1.79. The business’s 50 day moving average price is $12.35. The stock has a market cap of $10.58 billion and a price-to-earnings ratio of 34.53.

Suzano (NYSE:SUZ) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $1.70 billion for the quarter. Suzano had a return on equity of 5.44% and a net margin of 4.42%.

Institutional investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. grew its stake in Suzano by 78.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 11,400 shares of the company’s stock valued at $194,000 after purchasing an additional 5,000 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Suzano in the second quarter worth about $221,000. BlackRock Inc. purchased a new stake in shares of Suzano in the second quarter worth about $489,000. Aperio Group LLC boosted its stake in shares of Suzano by 26.3% in the second quarter. Aperio Group LLC now owns 29,519 shares of the company’s stock worth $503,000 after buying an additional 6,146 shares during the last quarter. Finally, Provida Pension Fund Administrator purchased a new stake in shares of Suzano in the second quarter worth about $718,000. Institutional investors and hedge funds own 0.40% of the company’s stock.

About Suzano (NYSE:SUZ)

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.

Featured Article: How is Preferred Stock Different from Common Stock?

Receive News & Ratings for Suzano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suzano and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit