Azul (AZUL) Shares Gap Up to $25.32

Azul SA (NYSE:AZUL) gapped up prior to trading on Monday . The stock had previously closed at $24.54, but opened at $25.32. Azul shares last traded at $25.63, with a volume of 2191271 shares traded.

AZUL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Azul from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Goldman Sachs Group initiated coverage on shares of Azul in a report on Monday, July 16th. They issued a “buy” rating and a $33.40 price target on the stock. Finally, ValuEngine raised shares of Azul from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.44.

The company has a market cap of $8.15 billion, a price-to-earnings ratio of 16.86 and a beta of -1.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.90 and a current ratio of 0.95.

Azul (NYSE:AZUL) last announced its earnings results on Thursday, August 9th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The business had revenue of $562.39 million for the quarter, compared to the consensus estimate of $585.84 million. Azul had a net margin of 8.24% and a return on equity of 24.66%. Analysts predict that Azul SA will post 1.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in AZUL. SeaCrest Wealth Management LLC raised its stake in Azul by 242.3% in the second quarter. SeaCrest Wealth Management LLC now owns 8,900 shares of the company’s stock valued at $146,000 after purchasing an additional 6,300 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Azul in the second quarter valued at approximately $244,000. Twin Focus Capital Partners LLC purchased a new stake in Azul in the second quarter valued at approximately $245,000. Guggenheim Capital LLC purchased a new stake in Azul in the first quarter valued at approximately $251,000. Finally, Paloma Partners Management Co purchased a new stake in Azul in the second quarter valued at approximately $260,000. 6.85% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/11/05/azul-azul-shares-gap-up-to-25-32.html.

Azul Company Profile (NYSE:AZUL)

Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.

Recommended Story: What is the NASDAQ Stock Market?

Receive News & Ratings for Azul Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azul and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply