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Suzano (NYSE:SUZ) Shares Gap Down to $9.63

Defense World · Dec 21, 2022 05:42

Suzano S.A. (NYSE:SUZ – Get Rating)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $9.63, but opened at $9.38. Suzano shares last traded at $9.35, with a volume of 7,866 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SUZ. Bradesco Corretora lowered Suzano from an "outperform" rating to an "underperform" rating and set a $11.00 price target on the stock. in a research note on Wednesday, August 24th. JPMorgan Chase & Co. raised Suzano from a "neutral" rating to an "overweight" rating in a research note on Monday, October 24th.

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Suzano Price Performance

The stock has a 50 day simple moving average of $10.06 and a two-hundred day simple moving average of $9.41. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 3.59, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.81 and a quick ratio of 2.35.

Suzano (NYSE:SUZ – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.32. The company had revenue of $2.71 billion for the quarter. Suzano had a return on equity of 77.19% and a net margin of 38.55%. On average, equities research analysts predict that Suzano S.A. will post 3.05 earnings per share for the current fiscal year.

Suzano Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 9th. Shareholders of record on Tuesday, December 20th will be paid a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a yield of 13.91%. The ex-dividend date of this dividend is Monday, December 19th. Suzano's dividend payout ratio (DPR) is currently 4.63%.

Hedge Funds Weigh In On Suzano

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in Suzano by 33.4% in the third quarter. Signaturefd LLC now owns 3,754 shares of the company's stock valued at $31,000 after purchasing an additional 939 shares during the period. Quadrant Capital Group LLC raised its position in Suzano by 40.3% in the second quarter. Quadrant Capital Group LLC now owns 4,444 shares of the company's stock valued at $42,000 after purchasing an additional 1,276 shares during the period. Ronald Blue Trust Inc. purchased a new stake in Suzano in the second quarter valued at $65,000. Credit Agricole S A raised its position in Suzano by 39.1% in the second quarter. Credit Agricole S A now owns 8,890 shares of the company's stock valued at $84,000 after purchasing an additional 2,500 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in Suzano in the third quarter valued at $86,000.

About Suzano

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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 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.