Azul (NYSE:AZUL) Receives New Coverage from Analysts at Bank of America

Bank of America started coverage on shares of Azul (NYSE:AZUL) in a report published on Thursday, January 11th. The brokerage issued a buy rating and a $24.78 target price on the stock.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Azul from a buy rating to a hold rating in a report on Tuesday, January 2nd. BidaskClub cut shares of Azul from a hold rating to a sell rating in a report on Tuesday, November 7th. Finally, Buckingham Research reiterated a buy rating and set a $35.00 price objective (up from $33.00) on shares of Azul in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $30.56.

Shares of Azul (NYSE AZUL) opened at $26.25 on Thursday. Azul has a 52 week low of $19.43 and a 52 week high of $29.43. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.75.

Azul (NYSE:AZUL) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.30. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. equities research analysts expect that Azul will post 0.88 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. DnB Asset Management AS boosted its holdings in Azul by 12.5% during the fourth quarter. DnB Asset Management AS now owns 26,100 shares of the company’s stock worth $622,000 after purchasing an additional 2,900 shares during the last quarter. Virtu Financial LLC purchased a new position in Azul during the third quarter worth about $2,709,000. Stifel Financial Corp boosted its holdings in Azul by 22.6% during the third quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock worth $3,512,000 after purchasing an additional 23,558 shares during the last quarter. Jane Street Group LLC purchased a new position in Azul during the third quarter worth about $4,458,000. Finally, Bienville Capital Management LLC boosted its holdings in Azul by 142.1% during the third quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock worth $7,083,000 after purchasing an additional 151,442 shares during the last quarter. Hedge funds and other institutional investors own 4.63% of the company’s stock.

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About Azul

Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.

Analyst Recommendations for Azul (NYSE:AZUL)

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