Suzano (NYSE:SUZ) Rating Increased to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Suzano (NYSE:SUZ) from an underweight rating to an equal weight rating in a report released on Monday, MarketBeat reports.

Suzano Trading Up 4.9 %

Shares of NYSE SUZ opened at $9.84 on Monday. The business’s 50 day moving average is $11.55 and its two-hundred day moving average is $11.15. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.89 and a quick ratio of 2.36. Suzano has a 1-year low of $8.73 and a 1-year high of $12.98. The stock has a market capitalization of $13.03 billion, a P/E ratio of 7.03 and a beta of 1.10.

Suzano (NYSE:SUZ) last released its earnings results on Thursday, May 9th. The company reported $0.03 EPS for the quarter. The firm had revenue of $1.91 billion for the quarter. Suzano had a return on equity of 20.82% and a net margin of 23.84%. During the same period in the prior year, the company posted $0.76 EPS. As a group, research analysts expect that Suzano will post 10.59 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SUZ. PNC Financial Services Group Inc. grew its stake in shares of Suzano by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock valued at $100,000 after buying an additional 1,222 shares during the last quarter. Aprio Wealth Management LLC bought a new position in Suzano in the fourth quarter worth approximately $134,000. QRG Capital Management Inc. bought a new position in Suzano in the third quarter worth approximately $138,000. Ballentine Partners LLC bought a new position in Suzano in the first quarter worth approximately $154,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Suzano in the first quarter worth approximately $183,000. Institutional investors 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.