UBS Group assumed coverage on shares of Azul (NYSE:AZUL) in a report published on Friday, 247wallst.com reports. The firm issued a buy rating and a $38.00 price target on the stock.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Azul from a buy rating to a hold rating in a research report on Tuesday, January 2nd. Bank of America initiated coverage on Azul in a research report on Thursday, January 11th. They issued a buy rating and a $24.78 price target on the stock. Finally, BidaskClub cut Azul from a hold rating to a sell rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Azul presently has a consensus rating of Buy and a consensus target price of $31.80.
Azul (AZUL) opened at $27.37 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.70. Azul has a 12-month low of $19.43 and a 12-month high of $30.25.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Azul in the third quarter worth $4,458,000. Virtu Financial LLC bought a new position in shares of Azul in the third quarter worth $2,709,000. ThornTree Capital Partners LP bought a new position in shares of Azul in the third quarter worth $13,094,000. Bienville Capital Management LLC grew its position in Azul by 142.1% in the third quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock valued at $7,083,000 after acquiring an additional 151,442 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Azul by 22.6% in the third quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock valued at $3,512,000 after acquiring an additional 23,558 shares during the last quarter. Institutional investors own 4.59% of the company’s stock.
Azul Company Profile
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.
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