Suzano (NYSE:SUZ) Upgraded at ValuEngine

ValuEngine upgraded shares of Suzano (NYSE:SUZ) from a sell rating to a hold rating in a research note issued to investors on Wednesday, ValuEngine reports.

Other analysts have also recently issued reports about the stock. Goldman Sachs Group cut shares of Suzano from a buy rating to a neutral rating in a research note on Friday, September 20th. Citigroup cut shares of Suzano from a buy rating to a neutral rating in a research note on Friday, July 19th.

SUZ stock traded up $0.19 during trading on Wednesday, reaching $8.04. The company had a trading volume of 604,663 shares, compared to its average volume of 227,119. The business has a 50-day simple moving average of $13.42. The firm has a market cap of $10.94 billion and a P/E ratio of 35.47. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.14 and a current ratio of 1.79. Suzano has a twelve month low of $6.63 and a twelve month high of $13.47.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Thomas White International Ltd. boosted its stake in Suzano by 793,812.1% in the 2nd quarter. Thomas White International Ltd. now owns 261,991 shares of the company’s stock worth $4,462,000 after purchasing an additional 261,958 shares in the last quarter. Morgan Stanley boosted its stake in Suzano by 215.5% in the 2nd quarter. Morgan Stanley now owns 125,678 shares of the company’s stock worth $2,140,000 after purchasing an additional 85,838 shares in the last quarter. Bank of America Corp DE boosted its stake in Suzano by 1,716.8% in the 2nd quarter. Bank of America Corp DE now owns 103,867 shares of the company’s stock worth $1,768,000 after purchasing an additional 98,150 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Suzano by 9.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 48,254 shares of the company’s stock worth $822,000 after purchasing an additional 4,065 shares in the last quarter. Finally, Provida Pension Fund Administrator acquired a new stake in Suzano in the 2nd quarter worth approximately $718,000. Institutional investors own 0.40% of the company’s stock.

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.

See Also: What is meant by holder of record?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.