Azul SA (NASDAQ:AZUL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $30.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 12.19% from the company’s previous close.

According to Zacks, “Azul SA is a holding company for the providers of airline passenger and cargo services. Azul SA is headquartered in Barueri, Brazil. “

Other research analysts also recently issued reports about the stock. Buckingham Research raised their price target on shares of Azul SA from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co initiated coverage on shares of Azul SA in a report on Monday, May 15th. They issued an “overweight” rating for the company. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $31.75.

Shares of Azul SA (NASDAQ:AZUL) traded up 0.15% during midday trading on Friday, hitting $26.74. The company had a trading volume of 135,151 shares. The company has a market capitalization of $2.94 billion and a price-to-earnings ratio of 94.82. The company’s 50-day moving average price is $25.57 and its 200 day moving average price is $23.58. Azul SA has a 12-month low of $19.43 and a 12-month high of $26.96.

Azul SA (NASDAQ:AZUL) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.11. Azul SA had a negative net margin of 1.97% and a negative return on equity of 8.12%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.75 billion. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts predict that Azul SA will post $0.43 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC bought a new stake in shares of Azul SA during the 2nd quarter worth $341,000. Victory Capital Management Inc. bought a new stake in shares of Azul SA during the 2nd quarter worth $53,395,000. Brighton Jones LLC bought a new stake in shares of Azul SA during the 2nd quarter worth $358,000. Newfoundland Capital Management bought a new stake in shares of Azul SA during the 2nd quarter worth $5,080,000. Finally, Bienville Capital Management LLC bought a new stake in shares of Azul SA during the 2nd quarter worth $2,247,000.

Azul SA Company Profile

Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.

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