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Suzano S.A. (SUZ) Stock Could Soon Reward Patient Investors

Suzano S.A. (NYSE: SUZ) is -1.62% lower on its value in year-to-date trading and has touched a low of $7.70 and a high of $12.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SUZ stock was last observed hovering at around $9.11 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $13.02 for the next 12 months. It is also 47.49% off the consensus price target high of $17.31 offered by 12 analysts, but current levels are 4.01% higher than the price target low of $9.47 for the same period.

Currently trading at $9.09, the stock is -3.59% and -8.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing -0.22% at the moment leaves the stock -6.08% off its SMA200. SUZ registered -17.28% loss for a year compared to 6-month gain of 5.57%.

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The stock witnessed a -2.15% loss in the last 1 month and extending the period to 3 months gives it a -3.61%, and is -8.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.53% over the week and 2.06% over the month.

Current P/E ratio is 3.62 and Fwd P/E is 4.50. Distance from 52-week low is 17.98% and -28.34% from its 52-week high.

Suzano S.A. (SUZ) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Suzano S.A. (SUZ) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Suzano S.A. is expected to release its quarterly report on 05/11/2023.

Suzano S.A. (SUZ) Top Institutional Holders

The shares outstanding are 1.31B, and float is at 1.31B with Short Float at 0.21%.

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