Zacks Investment Research Downgrades Azul SA (AZUL) to Hold

Azul SA (NASDAQ:AZUL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, October 17th.

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. “

AZUL has been the topic of a number of other research reports. Buckingham Research lifted their price objective on Azul SA from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 7th. BidaskClub lowered Azul SA from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $32.25.

Azul SA (NASDAQ AZUL) opened at 27.27 on Tuesday. Azul SA has a 1-year low of $19.43 and a 1-year high of $29.43. The stock has a 50 day moving average price of $27.52 and a 200 day moving average price of $24.52. The company has a market cap of $3.00 billion and a P/E ratio of 96.70.

Azul SA (NASDAQ:AZUL) last released its quarterly earnings results on Monday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.11). Azul SA had a negative return on equity of 8.12% and a negative net margin of 1.97%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Azul SA’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Azul SA will post $0.64 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Sei Investments Co. purchased a new stake in shares of Azul SA during the 2nd quarter worth approximately $101,000. Simplex Trading LLC acquired a new position in shares of Azul SA during the 3rd quarter worth approximately $160,000. Frontier Capital Management Co. LLC acquired a new position in shares of Azul SA during the 2nd quarter worth approximately $128,000. First Trust Advisors LP acquired a new position in shares of Azul SA during the 3rd quarter worth approximately $323,000. Finally, CNH Partners LLC acquired a new position in shares of Azul SA during the 2nd quarter worth approximately $316,000.

Azul SA 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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