Azul SA (NASDAQ:AZUL) has been given an average rating of “Buy” by the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $33.00.

Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Azul SA from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut shares of Azul SA from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Buckingham Research reiterated a “buy” rating and set a $35.00 price objective (up previously from $33.00) on shares of Azul SA in a research report on Monday, September 25th.

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Several institutional investors have recently added to or reduced their stakes in AZUL. Quantitative Systematic Strategies LLC bought a new stake in shares of Azul SA during the second quarter valued at approximately $341,000. Sei Investments Co. bought a new stake in shares of Azul SA during the second quarter valued at approximately $101,000. Frontier Capital Management Co. LLC bought a new stake in shares of Azul SA during the second quarter valued at approximately $128,000. GAM Holding AG bought a new stake in shares of Azul SA during the second quarter valued at approximately $632,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Azul SA during the second quarter valued at approximately $53,395,000.

Azul SA (NASDAQ AZUL) traded up 2.36% during trading on Friday, reaching $27.38. 143,624 shares of the company’s stock were exchanged. Azul SA has a 12-month low of $19.43 and a 12-month high of $29.43. The company has a market cap of $3.01 billion and a P/E ratio of 97.09. The stock’s 50-day moving average is $27.45 and its 200-day moving average is $24.46.

Azul SA (NASDAQ:AZUL) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.75 billion. Azul SA had a negative net margin of 1.97% and a negative return on equity of 8.12%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. Analysts predict that Azul SA will post $0.64 EPS for the current fiscal year.

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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