Suzano (NYSE:SUZ) Shares Gap Down to $10.21

Suzano S.A. (NYSE:SUZ) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.21, but opened at $9.77. Suzano shares last traded at $9.77, with a volume of 784,479 shares traded.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised Suzano from an “underweight” rating to an “equal weight” rating in a research note on Monday.

Suzano Stock Performance

The company has a market cap of $12.43 billion, a P/E ratio of 6.70 and a beta of 1.10. The company has a 50 day moving average price of $11.59 and a 200-day moving average price of $11.16. The company has a quick ratio of 2.36, a current ratio of 2.89 and a debt-to-equity ratio of 1.65.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter. Suzano had a return on equity of 20.82% and a net margin of 23.84%. The company had revenue of $1.91 billion during the quarter. During the same period in the previous year, the company posted $0.76 EPS. Equities analysts expect that Suzano S.A. will post 10.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SUZ. Ramirez Asset Management Inc. bought a new position in Suzano during the third quarter valued at about $7,301,000. Moran Wealth Management LLC bought a new position in Suzano during the fourth quarter valued at about $3,760,000. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Suzano by 693.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 317,512 shares of the company’s stock valued at $3,606,000 after purchasing an additional 277,471 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Suzano by 44.0% during the first quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock valued at $8,278,000 after purchasing an additional 198,068 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Suzano during the first quarter valued at $1,640,000. Institutional investors own 2.55% of the company’s stock.

Suzano Company Profile

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.