Shares of Suzano S.A. (NYSE:SUZ – Get Rating) saw unusually-strong trading volume on Friday . Approximately 116,328 shares were traded during mid-day trading, a decline of 91% from the previous session’s volume of 1,323,821 shares.The stock last traded at $8.75 and had previously closed at $8.45.
Wall Street Analysts Forecast Growth
Separately, Bradesco Corretora cut shares of Suzano from an “outperform” rating to an “underperform” rating and set a $11.00 target price for the company. in a research report on Wednesday, August 24th.
Suzano Price Performance
The company’s 50-day moving average is $8.99 and its two-hundred day moving average is $10.20. The company has a debt-to-equity ratio of 2.97, a current ratio of 2.87 and a quick ratio of 2.41. The firm has a market cap of $11.90 billion, a P/E ratio of 5.27, a PEG ratio of 0.25 and a beta of 1.24.
Institutional Investors Weigh In On Suzano
Several institutional investors and hedge funds have recently bought and sold shares of SUZ. Provida Pension Fund Administrator bought a new stake in Suzano during the fourth quarter worth about $27,000. Quadrant Capital Group LLC raised its stake in Suzano by 40.3% during the second quarter. Quadrant Capital Group LLC now owns 4,444 shares of the company’s stock worth $42,000 after acquiring an additional 1,276 shares in the last quarter. Ronald Blue Trust Inc. acquired a new position in Suzano during the second quarter worth about $65,000. Credit Agricole S A raised its stake in Suzano by 39.1% during the second quarter. Credit Agricole S A now owns 8,890 shares of the company’s stock worth $84,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Suzano during the second quarter worth about $96,000.
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 and its byproducts. 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; biotechnology research and development; and commercialization of paper and computer materials.
- Get a free copy of the StockNews.com research report on Suzano (SUZ)
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