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Suzano S.A. ADR (SUZ) Is Up 6.87% in 2024 With Lots of Room to Run

Suzano S.A. ADR (NYSE: SUZ) is 6.87% higher on its value in year-to-date trading and has touched a low of $7.29 and a high of $12.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SUZ stock was last observed hovering at around $12.20 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $12.14, the stock is 4.87% and 10.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -0.49% at the moment leaves the stock 17.72% off its SMA200. SUZ registered 47.75% gain for a year compared to 6-month gain of 16.45%. The firm has a 50-day simple moving average (SMA 50) of $0.71 and a 200-day simple moving average (SMA200) of $0.96.

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The stock witnessed a 15.18% loss in the last 1 month and extending the period to 3 months gives it a 13.88%, and is 3.14% up 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 1.67% over the week and 1.83% over the month.

Suzano S.A. ADR (SUZ) has around 49000 employees, a market worth around $15.41B and $7.95B in sales. Current P/E ratio is 5.67 and Fwd P/E is 9.43. Profit margin for the company is 35.14%. Distance from 52-week low is 66.56% and -0.78% from its 52-week high. The company has generated returns on investments over the last 12 months (11.07%).

Suzano S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -56.16% this year, but quarterly earnings will post 14.80% year-over-year.

Suzano S.A. ADR (SUZ) Top Institutional Holders

160 institutions hold shares in Suzano S.A. ADR (SUZ), with institutional investors hold 2.93% of the company’s shares. The shares outstanding are 1.29B, and float is at 1.27B with Short Float at 0.24%. Institutions hold 2.93% of the Float.

The top institutional shareholder in the company is Platinum Investment Management Ltd with over 4.74 million shares valued at $43.74 million. The investor’s holdings represent 0.36% of the SUZ Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 4.02 million shares valued at $37.02 million to account for 0.30% of the shares outstanding. The other top investors are Itau Unibanco Holding, S.A. which holds 1.73 million shares representing 0.13% and valued at over $15.99 million, while Price (T.Rowe) Associates Inc holds 0.12% of the shares totaling 1.61 million with a market value of $14.85 million.

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