UBS Group upgraded shares of Suzano (NYSE:SUZ - Free Report) to a strong-buy rating in a research note published on Thursday,Zacks.com reports.
Suzano Stock Up 0.7 %
Shares of NYSE:SUZ traded up $0.06 during trading on Thursday, reaching $8.87. 801,107 shares of the stock traded hands, compared to its average volume of 1,977,412. Suzano has a 52-week low of $8.41 and a 52-week high of $11.93. The stock has a market cap of $11.74 billion, a P/E ratio of 14.08 and a beta of 0.88. The stock has a 50-day moving average of $9.52 and a two-hundred day moving average of $10.01. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.40 and a current ratio of 1.72.
Hedge Funds Weigh In On Suzano
Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Suzano by 58.2% during the fourth quarter. GAMMA Investing LLC now owns 2,791 shares of the company's stock valued at $28,000 after purchasing an additional 1,027 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Suzano in the 1st quarter worth $28,000. Lindbrook Capital LLC grew its holdings in shares of Suzano by 69.2% in the fourth quarter. Lindbrook Capital LLC now owns 3,004 shares of the company's stock worth $30,000 after acquiring an additional 1,229 shares during the period. Blue Trust Inc. increased its position in Suzano by 222.7% during the fourth quarter. Blue Trust Inc. now owns 6,592 shares of the company's stock valued at $67,000 after acquiring an additional 4,549 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Suzano by 28.9% in the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company's stock valued at $81,000 after acquiring an additional 1,787 shares during the period. Hedge funds and other institutional investors own 2.55% of the company's stock.
Suzano Company Profile
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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.
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