Suzano (NYSE:SUZ) Upgraded to “Strong-Buy” at UBS Group

UBS Group upgraded shares of Suzano (NYSE:SUZ) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Suzano Stock Performance

NYSE:SUZ opened at $8.83 on Thursday. The stock has a 50-day moving average price of $9.58 and a 200 day moving average price 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 12-month low of $8.41 and a 12-month high of $12.05. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81.

Hedge Funds Weigh In On Suzano

Several institutional investors have recently bought and sold shares of SUZ. FMR LLC lifted its stake in Suzano by 1,078.7% in the 3rd quarter. FMR LLC now owns 36,364 shares of the company’s stock worth $364,000 after purchasing an additional 33,279 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Suzano during the third quarter valued at about $107,000. Quantinno Capital Management LP increased its holdings in shares of Suzano by 20.0% in the third quarter. Quantinno Capital Management LP now owns 15,013 shares of the company’s stock worth $150,000 after purchasing an additional 2,504 shares during the last quarter. State Street Corp increased its holdings in shares of Suzano by 14.1% in the third quarter. State Street Corp now owns 4,597,801 shares of the company’s stock worth $45,978,000 after purchasing an additional 568,618 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Suzano by 14.4% in the third quarter. Principal Financial Group Inc. now owns 139,568 shares of the company’s stock worth $1,396,000 after buying an additional 17,544 shares in the last quarter. 2.55% of the stock is owned by hedge funds and other 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.