Zacks: Azul SA (AZUL) Given $31.50 Consensus Price Target by Brokerages
Azul SA (NASDAQ:AZUL) has been given an average broker rating score of 1.25 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and three have given a strong buy rating to the company. Azul SA’s rating score has improved by 6% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $31.50 for the company, according to Zacks. Zacks has also given Azul SA an industry rank of 98 out of 265 based on the ratings given to related companies.
A number of brokerages have recently commented on AZUL. Buckingham Research lifted their price target on shares of Azul SA from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Azul SA from a “buy” rating to a “hold” rating in a report on Friday, August 18th.
Azul SA (NASDAQ AZUL) traded up 3.13% during midday trading on Friday, reaching $28.31. The company’s stock had a trading volume of 5,443,963 shares. Azul SA has a 52 week low of $19.43 and a 52 week high of $29.01. The firm has a 50 day moving average price of $25.89 and a 200-day moving average price of $23.77. The firm has a market cap of $3.11 billion and a P/E ratio of 100.39.
Azul SA (NASDAQ:AZUL) last issued its earnings results 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 company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.75 billion. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, analysts forecast that Azul SA will post $0.43 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in AZUL. Sei Investments Co. bought a new position in Azul SA during the second quarter worth $101,000. Frontier Capital Management Co. LLC bought a new stake in Azul SA in the second quarter valued at $128,000. CNH Partners LLC bought a new stake in Azul SA in the second quarter valued at $316,000. Quantitative Systematic Strategies LLC bought a new stake in Azul SA in the second quarter valued at $341,000. Finally, Brighton Jones LLC bought a new stake in Azul SA in the second quarter valued at $358,000.
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About Azul SA
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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