Azul (NYSE:AZUL) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of Azul (NYSE:AZUL) from a buy rating to a hold rating in a research note released on Thursday, ValuEngine reports.

Several other equities research analysts have also commented on the stock. Barclays began coverage on shares of Azul in a report on Monday, July 29th. They issued an equal weight rating and a $44.00 price target on the stock. Raymond James upped their price target on shares of Azul from $37.00 to $40.00 in a report on Monday, July 8th. Zacks Investment Research lowered shares of Azul from a buy rating to a hold rating in a report on Monday, April 22nd. Finally, UBS Group lowered shares of Azul from a neutral rating to a sell rating in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $36.61.

NYSE:AZUL traded down $0.41 during mid-day trading on Thursday, hitting $41.25. The company’s stock had a trading volume of 364,348 shares, compared to its average volume of 520,545. Azul has a 1 year low of $15.60 and a 1 year high of $42.44. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $13.10 billion, a PE ratio of 25.94 and a beta of -0.65. The business’s fifty day moving average price is $37.21.

Azul (NYSE:AZUL) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. Azul had a net margin of 3.59% and a return on equity of 15.84%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts predict that Azul will post 2.01 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in shares of Azul by 63.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 900 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. Quantamental Technologies LLC boosted its stake in shares of Azul by 237.7% during the 1st quarter. Quantamental Technologies LLC now owns 1,013 shares of the company’s stock worth $30,000 after acquiring an additional 713 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Azul by 4.8% during the 1st quarter. DNB Asset Management AS now owns 17,346 shares of the company’s stock worth $507,000 after acquiring an additional 800 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Azul during the 1st quarter worth about $37,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Azul by 24.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 9,600 shares of the company’s stock worth $280,000 after acquiring an additional 1,900 shares in the last quarter. 6.88% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Azul (NYSE:AZUL)

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