Azul SA (NYSE:AZUL)’s share price hit a new 52-week high on Monday . The company traded as high as $34.23 and last traded at $34.22, with a volume of 225062 shares changing hands. The stock had previously closed at $33.51.
A number of equities analysts recently weighed in on AZUL shares. Buckingham Research reissued a “buy” rating and set a $38.00 price objective (up from $35.00) on shares of Azul in a report on Friday. Bank of America started coverage on Azul in a report on Thursday, January 11th. They set a “buy” rating and a $24.78 price objective on the stock. Zacks Investment Research raised Azul from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday. Finally, UBS Group started coverage on Azul in a report on Friday, February 16th. They set a “buy” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Azul has an average rating of “Buy” and an average price target of $33.46.
The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.03.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its stake in shares of Azul by 22.6% during the third quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock valued at $3,512,000 after buying an additional 23,558 shares during the period. ThornTree Capital Partners LP bought a new stake in Azul in the third quarter worth $13,094,000. Oaktree Capital Management LP lifted its holdings in shares of Azul by 17.2% during the third quarter. Oaktree Capital Management LP now owns 1,154,741 shares of the company’s stock valued at $31,698,000 after purchasing an additional 169,100 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Azul during the third quarter valued at $4,458,000. Finally, Bienville Capital Management LLC lifted its holdings in shares of Azul by 142.1% during the third quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock valued at $7,083,000 after purchasing an additional 151,442 shares in the last quarter. 4.26% of the stock is currently owned by institutional investors.
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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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