Bank of America began coverage on shares of Azul (NYSE:AZUL) in a research report report published on Thursday, January 11th. The brokerage issued a buy rating and a $24.78 price objective on the stock.
Several other research firms have also weighed in on AZUL. Zacks Investment Research lowered Azul from a buy rating to a hold rating in a report on Tuesday, January 2nd. BidaskClub downgraded Azul from a buy rating to a hold rating in a research report on Wednesday, October 18th. Finally, Buckingham Research reissued a buy rating and set a $35.00 target price (up from $33.00) on shares of Azul in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Azul currently has an average rating of Buy and an average price target of $30.56.
Shares of Azul (NYSE AZUL) traded up $0.42 during trading on Thursday, hitting $28.34. The stock had a trading volume of 49,053 shares, compared to its average volume of 373,681. 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 has a 1-year low of $19.43 and a 1-year high of $30.25.
Azul (NYSE:AZUL) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.30. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the business posted $0.04 earnings per share. Azul’s revenue was up 15.1% on a year-over-year basis. analysts predict that Azul will post 0.88 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its position in Azul by 22.6% in the 3rd 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. ThornTree Capital Partners LP acquired a new position in shares of Azul during the 3rd quarter worth about $13,094,000. Oaktree Capital Management LP boosted its stake in shares of Azul by 17.2% during the 3rd quarter. Oaktree Capital Management LP now owns 1,154,741 shares of the company’s stock worth $31,698,000 after buying an additional 169,100 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Azul during the 3rd quarter worth about $4,458,000. Finally, Bienville Capital Management LLC boosted its stake in shares of Azul by 142.1% during the 3rd quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock worth $7,083,000 after buying an additional 151,442 shares during the last quarter. 4.63% of the stock is currently owned by institutional investors and hedge funds.
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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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