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Suzano Sets New Leverage Targets and Updates 2026 Pulp Cost Outlook

Story Highlights
  • Suzano targets US$11 billion net debt and leverage below 2.5x by 2027–2028, aligning its balance-sheet strategy with its formal debt policy.
  • The company guides 2026 pulp cash production costs near R$800 per tonne, highlighting sensitivity to exchange rates and global oil prices while updating regulatory disclosures.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Suzano Sets New Leverage Targets and Updates 2026 Pulp Cost Outlook

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Suzano Papel e Celulose SA ( (SUZ) ) has issued an update.

On May 11, 2026, Suzano announced new financial guidance, setting a net debt target of US$11 billion and a leverage ratio below 2.5 times Adjusted EBITDA, to be achieved over fiscal years 2027 and 2028. These metrics, calculated using management’s exchange-rate assumptions, align with the company’s existing debt policy and signal an intent to maintain disciplined balance-sheet management as it navigates currency and macroeconomic volatility.

The company also projected its pulp cash production cost, excluding scheduled maintenance, at R$830 to R$840 per tonne for the second quarter of 2026, and about R$800 per tonne for the full year, based on specific exchange-rate and Brent crude price assumptions. Suzano said it will update its Reference Form within the regulatory deadline and emphasized that these operational and cost estimates are indicative, reinforcing its commitment to transparency while warning investors that results may differ due to market and economic uncertainties.

The most recent analyst rating on (SUZ) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Spark’s Take on SUZ Stock

According to Spark, TipRanks’ AI Analyst, SUZ is a Neutral.

The score is driven primarily by solid profitability/cash generation but constrained by high leverage and variability in results. Valuation is a clear positive (low P/E), and the latest earnings call supports the outlook via deleveraging and cost discipline, while technicals remain weak with a downtrend and negative momentum.

To see Spark’s full report on SUZ stock, click here.

More about Suzano Papel e Celulose SA

Suzano S.A. is a Brazilian pulp and paper producer listed on B3 and the NYSE, operating in the global forestry-based commodities market. The company focuses on manufacturing pulp used in paper, packaging, and tissue products, with a strong export profile and exposure to international currency and energy markets.

Average Trading Volume: 3,689,197

Technical Sentiment Signal: Sell

Current Market Cap: $11.13B

Find detailed analytics on SUZ stock on TipRanks’ Stock Analysis page.

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