Suzano (NYSE:SUZ) Shares Gap Down to $10.41

Suzano S.A. (NYSE:SUZ)’s share price gapped down before the market opened on Friday . The stock had previously closed at $10.41, but opened at $10.19. Suzano shares last traded at $10.27, with a volume of 118,814 shares trading hands.

Analysts Set New Price Targets

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

Suzano Price Performance

The company has a current ratio of 2.89, a quick ratio of 2.36 and a debt-to-equity ratio of 1.65. The stock has a market cap of $13.60 billion, a PE ratio of 7.34 and a beta of 0.99. The business has a 50-day moving average price of $9.96 and a 200 day moving average price of $10.89.

Suzano (NYSE:SUZ) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.03 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 period last year, the company earned $0.76 earnings per share. As a group, research analysts forecast that Suzano S.A. will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SUZ. PNC Financial Services Group Inc. grew its holdings in Suzano by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock valued at $100,000 after buying an additional 1,222 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in Suzano during the fourth quarter valued at approximately $134,000. Ballentine Partners LLC bought a new stake in Suzano during the 1st quarter worth approximately $154,000. QRG Capital Management Inc. lifted its stake in Suzano by 18.0% in the 4th quarter. QRG Capital Management Inc. now owns 15,119 shares of the company’s stock worth $172,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Suzano in the 1st quarter valued at $183,000. 2.55% of the stock is owned by institutional investors.

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.