Zacks Investment Research downgraded shares of Azul (NYSE:AZUL) from a buy rating to a hold rating in a report released on Monday, May 14th.
According to Zacks, “Azul SA is a holding company for the providers of airline passenger and cargo services. Azul SA is headquartered in Barueri, Brazil. “
Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Azul from a hold rating to a buy rating in a research note on Thursday, April 12th. Buckingham Research reaffirmed a buy rating and set a $38.00 target price (up from $35.00) on shares of Azul in a research report on Friday, March 9th. Finally, UBS began coverage on shares of Azul in a research report on Friday, February 16th. They set a buy rating and a $38.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $34.20.
Shares of Azul traded up $1.04, reaching $22.29, during trading on Monday, MarketBeat Ratings reports. The company’s stock had a trading volume of 1,323,300 shares, compared to its average volume of 505,294. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. Azul has a 12 month low of $19.71 and a 12 month high of $35.05. The company has a market cap of $6.84 billion and a price-to-earnings ratio of 14.65.
Azul (NYSE:AZUL) last announced its quarterly earnings results on Thursday, May 10th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.26. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. Azul had a net margin of 8.40% and a return on equity of 25.52%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. equities analysts forecast that Azul will post 1.82 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in AZUL. Employees Retirement System of Texas acquired a new stake in shares of Azul during the first quarter worth $106,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Azul during the fourth quarter worth $114,000. Castleark Management LLC acquired a new stake in shares of Azul during the fourth quarter worth $153,000. Guggenheim Capital LLC acquired a new position in Azul during the first quarter valued at $251,000. Finally, Picton Mahoney Asset Management acquired a new position in Azul during the fourth quarter valued at $482,000. Institutional investors own 3.53% of the company’s stock.
Azul SA operates as an airline company in Brazil. It provides passenger and cargo air transportation services. As of September 30, 2017, the company operated 755 daily flights to 104 destinations through a network of 197 non-stop routes with a fleet of 118 aircraft. Azul SA was incorporated in 2008 and is headquartered in Barueri, Brazil.
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