SUZ Suzano S.A.

NEUTRAL Impact: 4/10 6-K
Horizon months Filed May 11, 2026 Processed 1mo ago SEC 0001628280-26-033642
Notable filing: 6-K
Latest settled — T+5d
SUZ ▼ -4.34% at T+5d
NEUTRAL call ✗ call lost -4.34% · α vs SPY -4.42% · entry $8.75 → $8.37
Next anchor: T+20d due 4d ago
Currently $8.23 · -5.94% from $8.75 entry
Entry anchored
May 11, 2026
via day open
T+1d
0.00%
call 0.00% · α -0.54%
$8.75
settled 5w ago
T+5d
-4.34%
call -4.34% · α -4.42%
$8.37
settled 26d ago
T+20d
call — · α —
due 4d ago
T+60d
call — · α —
in 8w

Price Chart

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Executive Summary

Suzano provided guidance updates via a 6-K filing, setting a net debt target of US$11.0 billion and a leverage target below 2.5x to be reached over fiscal years 2027-2028. The company also estimated its 2Q26 pulp cash production cost at R$830-R$840/tonne (a 3-5% increase QoQ) and the full-year 2026 average at approximately R$800/tonne. These are forward-looking estimates with no reported historical financial results, making the filing neutral with limited actionable impact.

Actionable Insight

Monitor Suzano's upcoming quarterly earnings for actual cash cost and leverage figures versus these targets. The 3-5% QoQ cost increase in 2Q26 may pressure margins if pulp prices do not rise commensurately.

Key Facts

  • Net debt target of US$11.0 billion, leverage target below 2.5x, expected to be reached over fiscal years 2027 and 2028
  • 2Q26 pulp cash production cost estimated at R$830-R$840/tonne, a 3-5% increase QoQ
  • Full-year 2026 pulp cash production cost estimated at approximately R$800/tonne
  • Estimates based on assumed USD/BRL exchange rates of R$5.17 (2026), R$5.25 (2027), R$5.28 (2028)

Financial Impact

No reported financial results; guidance only. Net debt target of US$11.0 billion; pulp cash cost guidance of R$830-R$840/tonne for 2Q26 and ~R$800/tonne for FY2026.

net debtleveragepulp cash production cost

Risk Factors

  • Pulp cash production cost guidance implies a 3-5% sequential increase in 2Q26, which could compress margins if pulp prices soften
  • Leverage targets depend on exchange rate assumptions (USD/BRL) that may deviate from actual rates
  • Forward-looking statements are subject to market conditions and may not materialize

Market Snapshot

Exchange
NYSE
Sector
Paper Mills
Analyst Consensus
91% bullish (22 analysts)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001628280-26-033642
Document: a20260511-suzano_6k.htm0001628280-26-033642
Document: 0001628280-26-033642-index-headers.html0001628280-26-033642
Document: 0001628280-26-033642-index.html0001628280-26-033642
Document: 0001628280-26-033642.txt0001628280-26-033642
6 reports for SUZ
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for SUZ — sortable, filterable
Type Now
May 28, 2026
16d ago
6-K
NEUTRAL ★ 4/10
$8.26 $8.03▼ −2.78%▼ −3.10%$8.23 (−0.36%)
May 11, 2026
4w ago
6-K
NEUTRAL ★ 4/10
$8.75 $8.37▼ −4.34%▼ −4.42%$8.23 (−5.94%)
May 7, 2026
5w ago
6-K
NEUTRAL ★ 2/10
$8.87 $8.54▼ −3.72%▼ −5.18%$8.23 (−7.22%)
Apr 30, 2026
6w ago
6-K
NEUTRAL ★ 4/10
$8.87 $8.74▼ −1.47%▼ −3.19%$8.23 (−7.22%)
Apr 29, 2026
6w ago
6-K
BEARISH ★ 6/10
$8.87 $8.74▲ +1.47%▲ +3.19%$8.23 (+7.22%)
Apr 24, 2026
7w ago
6-K
NEUTRAL ★ 1/10
$9.10 $8.55▼ −6.04%▼ −6.44%$8.23 (−9.56%)
Showing 6 of 6

US Market Status

Market Closed — Opens Mon (48h 13m)

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