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.
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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.
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