Suzano S.A. (NYSE: SUZ) stock jumped 0.89% on Friday to $9.03 against a previous-day closing price of $8.95. With 1.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.46 million shares. During the session, the Paper & Paper Products company that operates in wider Basic Materials sector, reached to the highest price of $9.07 whereas the lowest price it dropped to was $8.93. The 52-week range on SUZ shows that it touched its highest point at $12.68 and its lowest point at $8.06 during that stretch. It currently has a 1-year price target of $16.00. With its current market cap of 12.18 billion, SUZ has annualized dividend of $0.14 while the current yield stands at 1.55%.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SUZ was down-trending over the past week, with a drop of -0.88%, but this was down by -1.10% over a month. Three-month performance dropped to -13.87% while six-month performance fell -19.20%. The stock lost -14.27% in the past year, while it has lost -15.46% so far this year.
Float and Shares Shorts:
At present, 1.35 billion SUZ shares are outstanding with a float of 541.81 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.13 million, which was 0.23% higher than short shares on Jun 14, 2022. In addition to Mr. Walter Schalka as the firm’s CEO & Member of Management Board, Mr. Marcelo Feriozzi Bacci serves as its CFO, Exec. Officer of Fin. & Investor Relations and Member of Management Board.
Through their ownership of 2.38% of SUZ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.47% of SUZ, in contrast to 0.61% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SUZ with 0.30% of the stake, J.O. Hambro Capital Management Lt holds 4,064,373 shares worth 4,064,373. A second-largest stockholder of SUZ, Itau USA Asset Management, Inc., holds 3,806,571 shares, controlling over 0.28% of the firm’s shares. AMS Capital Ltda. is the third largest shareholder in SUZ, holding 3,467,889 shares or 0.26% stake. With a 0.26% stake in SUZ, the SPDR S&P Global Natural Resources is the largest stakeholder. A total of 3,464,561 shares are owned by the mutual fund manager. The JOHCM Emerging Markets Opportunit, which owns about 0.08% of SUZ stock, is the second-largest Mutual Fund holder. It holds 1,080,440 shares valued at 10.24 million. UBS holds 0.05% of the stake in SUZ, owning 684,917 shares worth 6.49 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SUZ since 13 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SUZ analysts setting a high price target of $16.48 and a low target of $11.29, the average target price over the next 12 months is $13.98. Based on these targets, SUZ could surge 82.5% to reach the target high and rise by 25.03% to reach the target low. Reaching the average price target will result in a growth of 54.82% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SUZ will report FY 2022 earnings on 02/08/2023. Analysts have provided yearly estimates in a range of $3.78 being high and $0.62 being low. For SUZ, this leads to a yearly average estimate of $2.40. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Suzano S.A. surprised analysts by $0.14 when it reported $0.03 EPS against a consensus estimate of -$0.11. The surprise factor in the prior quarter was -$0.10. Based on analyst estimates, the high estimate for the next quarter is $0.75 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.43.