Azul (NYSE:AZUL) Price Target Raised to $40.00

Azul (NYSE:AZUL) had its price target hoisted by Raymond James from $37.00 to $40.00 in a report published on Monday morning.

Other equities analysts have also issued reports about the company. Buckingham Research upped their target price on Azul from $37.00 to $42.00 and gave the company a buy rating in a research note on Tuesday, March 19th. ValuEngine lowered Universal Electronics from a strong-buy rating to a buy rating in a research note on Thursday, June 6th. Zacks Investment Research lowered HANNOVER RUECK/S from a hold rating to a sell rating in a research note on Monday, April 22nd. Finally, UBS Group upped their target price on Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Azul presently has an average rating of Hold and an average price target of $34.77.

Shares of NYSE AZUL traded down $0.30 during trading on Monday, reaching $39.57. The company had a trading volume of 591,904 shares, compared to its average volume of 583,100. Azul has a twelve month low of $15.60 and a twelve month high of $40.66. The stock has a market capitalization of $12.64 billion, a PE ratio of 24.86 and a beta of -0.67. The business’s 50-day simple moving average is $32.77. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 1.07.

Azul (NYSE:AZUL) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. Azul had a return on equity of 15.84% and a net margin of 3.59%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts expect that Azul will post 1.94 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC increased its stake in Azul by 237.7% during the first quarter. Quantamental Technologies LLC now owns 1,013 shares of the company’s stock worth $30,000 after acquiring an additional 713 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Azul in the first quarter worth about $37,000. Marshall Wace North America L.P. purchased a new stake in shares of Azul in the first quarter worth about $227,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Azul in the fourth quarter worth about $258,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Azul by 24.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 9,600 shares of the company’s stock worth $280,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 6.87% of the company’s stock.

About 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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