Azul (AZUL) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Azul (NYSE:AZUL) from a buy rating to a hold rating in a report issued on Monday morning.

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 equities research analysts have also issued research reports about the company. ValuEngine lowered Azul from a buy rating to a hold rating in a report on Monday, May 7th. UBS initiated coverage on Azul in a report on Friday, February 16th. They issued a buy rating and a $38.00 price target for the company. Finally, Buckingham Research reissued a buy rating and set a $38.00 price objective (up from $35.00) on shares of Azul in a research note on Friday, March 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $34.20.

Shares of Azul opened at $20.89 on Monday, according to Marketbeat.com. Azul has a 12-month low of $22.60 and a 12-month high of $22.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.88 and a current ratio of 0.94. The firm has a market capitalization of $7.19 billion and a PE ratio of 11.82.

Azul (NYSE:AZUL) last posted its earnings results on Thursday, May 10th. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.26. Azul had a return on equity of 25.52% and a net margin of 8.40%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. analysts anticipate that Azul will post 1.82 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AZUL. Employees Retirement System of Texas bought a new stake in Azul during the first quarter worth approximately $106,000. SeaCrest Wealth Management LLC acquired a new position in Azul in the 4th quarter valued at $114,000. Castleark Management LLC acquired a new position in Azul in the 4th quarter valued at $153,000. Guggenheim Capital LLC acquired a new stake in Azul in the 1st quarter worth $251,000. Finally, Picton Mahoney Asset Management acquired a new stake in Azul in the 4th quarter worth $482,000. Hedge funds and other institutional investors own 3.97% of the company’s stock.

Azul Company Profile

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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