Suzano (NYSE:SUZ) Upgraded by UBS Group to Strong-Buy Rating

Suzano (NYSE:SUZ) was upgraded by investment analysts at UBS Group to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Suzano Stock Down 0.3 %

Shares of NYSE:SUZ opened at $8.83 on Thursday. The stock has a 50-day simple moving average of $9.58 and a 200-day simple moving average of $10.03. The stock has a market capitalization of $11.69 billion, a P/E ratio of 14.01 and a beta of 0.88. Suzano has a 1 year low of $8.41 and a 1 year high of $12.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.40 and a current ratio of 1.72.

Institutional Investors Weigh In On Suzano

Several large investors have recently made changes to their positions in SUZ. GAMMA Investing LLC boosted its position in Suzano by 58.2% during the 4th quarter. GAMMA Investing LLC now owns 2,791 shares of the company’s stock worth $28,000 after purchasing an additional 1,027 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Suzano during the first quarter worth about $28,000. Lindbrook Capital LLC boosted its position 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 buying an additional 1,229 shares during the period. Blue Trust Inc. grew its stake in shares of Suzano by 222.7% in the fourth quarter. Blue Trust Inc. now owns 6,592 shares of the company’s stock valued at $67,000 after buying an additional 4,549 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Suzano by 28.9% during the 4th quarter. Signaturefd LLC now owns 7,969 shares of the company’s stock worth $81,000 after acquiring an additional 1,787 shares in the last quarter. Institutional investors and hedge funds 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.