Suzano Shares Break Below 200-Day Moving Average

Suzano SA's shares crossed below their 200-day moving average of $9.69, trading as low as $9.59 per share. The company's 52-week range is $8.41 to $10.98, with a current trade of $9.62. This marks a 0.9% decrease in trading.

Suzano SA's shares dropped below their 200-day moving average, trading as low as $9.59 per share on September 2, 2025. This marked a 0.9% decrease in trading, bringing the current price to $9.62. The company's 52-week range remains $8.41 to $10.98 [1].

The fall in share price comes after Itau Unibanco Holding S.A. significantly reduced its stake in Suzano S.A. by 76.4% during the first quarter of 2025, selling over 2.8 million shares and leaving it with 870,012 shares valued at approximately $7.93 million [1]. Despite the reduction, several other institutional investors, including Financial Management Professionals Inc. and GAMMA Investing LLC, have increased their stakes in Suzano S.A. during the first quarter [1].

Analyst ratings for Suzano S.A. have been mixed, with some upgrading the stock to a "strong-buy" rating while others have rated it as a "hold," resulting in an average rating of "Strong Buy" [1]. However, top analysts believe that Suzano S.A. is not the best buy among current opportunities, as they have identified five stocks that top analysts are quietly recommending to their clients [2].

The fall in share price may also be influenced by Spinnova's acquisition of Suzano's stake in their planned joint production venture, Woodspin Oy, for a token 2 euros ($2.32) per share [2]. This acquisition, which is subject to customary closing terms, is expected to close within the next couple of weeks. The deal will grant Spinnova full ownership of the Woodspin demo plant, but operations at Woodspin have ceased until further notice while alternatives for continued operations are being sought [2].

Despite the recent fall in share price, Itau BBA has reiterated its buy recommendations on Suzano S.A. and Klabin, citing attractive valuations and an anticipated tightening in the global pulp demand-supply balance by 2026 [3]. Itau BBA boosted Suzano's target price to R$70 per share by the end of 2026 from R$63, reflecting a potential 33% appreciation [3]. However, the bank noted that this positive backdrop is tempered by a cautious outlook in the short term, with no catalysts to push shares higher in the next six months [3].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-itau-unibanco-holding-sa-has-793-million-holdings-in-suzano-sa-sponsored-adr-suz-2025-08-28/
[2] https://finance.yahoo.com/news/spinnova-buys-suzano-woodspin-shares-172517657.html
[3] https://cryptorank.io/news/feed/46173-brazils-itau-bba-reaffirms-buy-on-suzano-and-klabin-sees-upside-despite-near-term-risks