Suzano (NYSE:SUZ) Shares Gap Up to $9.21

Suzano S.A. (NYSE:SUZ) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.21, but opened at $10.50. Suzano shares last traded at $10.29, with a volume of 1,661,961 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Suzano from an “underweight” rating to an “equal weight” rating in a research report on Monday, May 20th.

Suzano Trading Up 13.0 %

The company has a debt-to-equity ratio of 1.65, a current ratio of 2.89 and a quick ratio of 2.36. The firm has a market capitalization of $13.78 billion, a PE ratio of 7.43 and a beta of 0.99. The business’s 50-day moving average price is $10.06 and its 200-day moving average price is $10.90.

Suzano (NYSE:SUZ) last announced its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $1.91 billion for the quarter. Suzano had a net margin of 23.84% and a return on equity of 20.82%. During the same quarter last year, the business posted $0.76 earnings per share. As a group, analysts expect that Suzano S.A. will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Suzano

Several hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Suzano by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock worth $100,000 after purchasing an additional 1,222 shares during the period. Quadrant Capital Group LLC lifted its holdings in Suzano by 8.7% in the fourth quarter. Quadrant Capital Group LLC now owns 16,264 shares of the company’s stock valued at $185,000 after acquiring an additional 1,304 shares during the period. QRG Capital Management Inc. lifted its holdings in Suzano by 18.0% in the fourth quarter. QRG Capital Management Inc. now owns 15,119 shares of the company’s stock valued at $172,000 after acquiring an additional 2,305 shares during the period. Waterfront Wealth Inc. lifted its holdings in Suzano by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 196,969 shares of the company’s stock valued at $2,238,000 after acquiring an additional 2,502 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in Suzano by 13.6% in the fourth quarter. Ritholtz Wealth Management now owns 69,761 shares of the company’s stock valued at $792,000 after acquiring an additional 8,342 shares during the period. 2.55% of the stock is owned by institutional investors and hedge funds.

About Suzano

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.