Azul SA (NYSE:AZUL) has received an average rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $32.36.
A number of brokerages have recently commented on AZUL. BidaskClub downgraded shares of Azul from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Bank of America began coverage on shares of Azul in a report on Thursday, January 11th. They set a “buy” rating and a $24.78 price target for the company. Zacks Investment Research downgraded shares of Azul from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, UBS Group began coverage on shares of Azul in a report on Friday, February 16th. They set a “buy” rating and a $38.00 price target for the company.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Castleark Management LLC purchased a new stake in shares of Azul during the fourth quarter worth about $153,000. Millennium Management LLC grew its holdings in shares of Azul by 1.4% during the fourth quarter. Millennium Management LLC now owns 730,568 shares of the company’s stock worth $17,409,000 after buying an additional 10,047 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Azul by 35.2% during the fourth quarter. Two Sigma Investments LP now owns 236,774 shares of the company’s stock worth $5,642,000 after buying an additional 61,675 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Azul by 241.6% during the fourth quarter. Two Sigma Advisers LP now owns 30,400 shares of the company’s stock worth $724,000 after buying an additional 21,500 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Azul by 173.1% during the fourth quarter. Deutsche Bank AG now owns 173,159 shares of the company’s stock worth $4,126,000 after buying an additional 109,756 shares in the last quarter. Institutional investors and hedge funds own 4.35% of the company’s stock.
Shares of Azul (AZUL) traded up $0.65 on Friday, reaching $30.30. 444,531 shares of the company’s stock were exchanged, compared to its average volume of 298,381. 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 one year low of $19.43 and a one year high of $30.61.
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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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