Azul SA (AZUL) Given Average Recommendation of “Buy” by Brokerages

Shares of Azul SA (NYSE:AZUL) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.02.

AZUL has been the topic of several research analyst reports. Zacks Investment Research cut shares of Azul from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. ValuEngine upgraded shares of Azul from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and set a $27.07 price target on the stock. in a report on Monday, December 3rd. Morgan Stanley upgraded shares of Azul from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 10th. Finally, UBS Group cut shares of Azul from a “buy” rating to a “neutral” rating in a report on Thursday.

Several hedge funds have recently added to or reduced their stakes in the stock. Group One Trading L.P. acquired a new stake in shares of Azul in the 3rd quarter valued at $108,000. Picton Mahoney Asset Management lifted its stake in shares of Azul by 50.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 30,000 shares of the company’s stock valued at $534,000 after purchasing an additional 10,000 shares during the last quarter. Tyvor Capital LLC lifted its stake in shares of Azul by 6.7% in the 3rd quarter. Tyvor Capital LLC now owns 177,102 shares of the company’s stock valued at $3,151,000 after purchasing an additional 11,119 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Azul in the 2nd quarter valued at $260,000. Finally, Jane Street Group LLC acquired a new stake in shares of Azul in the 2nd quarter valued at $266,000. 8.16% of the stock is owned by institutional investors and hedge funds.

Azul stock traded down $0.35 during mid-day trading on Tuesday, hitting $29.13. The company’s stock had a trading volume of 445,210 shares, compared to its average volume of 543,514. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 0.94. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 19.16 and a beta of -0.96. Azul has a twelve month low of $15.53 and a twelve month high of $35.05.

Azul (NYSE:AZUL) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.17. Azul had a net margin of 6.91% and a return on equity of 20.86%. The firm had revenue of $619.89 million for the quarter, compared to analysts’ expectations of $586.33 million. As a group, equities analysts predict that Azul will post 1.39 EPS for the current fiscal year.

Azul Company Profile

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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