Equities researchers at Bank of America initiated coverage on shares of Azul (NYSE:AZUL) in a research report issued on Thursday. The brokerage set a “buy” rating and a $24.78 price target on the stock.
A number of other equities research analysts have also recently commented on AZUL. Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub cut shares of Azul from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of Azul in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.56.
Azul (AZUL) opened at $24.78 on Thursday. Azul has a 1 year low of $19.43 and a 1 year high of $29.43. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.70. The company has a market cap of $2,660.00 and a P/E ratio of 154.88.
Azul (NYSE:AZUL) last posted its earnings results on Thursday, November 9th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.30. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business earned $0.04 EPS. Azul’s quarterly revenue was up 15.1% compared to the same quarter last year. sell-side analysts forecast that Azul will post 0.88 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. DnB Asset Management AS raised its holdings in Azul by 12.5% during the 4th quarter. DnB Asset Management AS now owns 26,100 shares of the company’s stock valued at $622,000 after acquiring an additional 2,900 shares during the period. Virtu Financial LLC purchased a new position in shares of Azul during the 3rd quarter valued at $2,709,000. Stifel Financial Corp grew its position in shares of Azul by 22.6% during the 3rd quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock valued at $3,512,000 after purchasing an additional 23,558 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Azul during the 3rd quarter valued at $4,458,000. Finally, Bienville Capital Management LLC grew its position in shares of Azul by 142.1% during the 3rd quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock valued at $7,083,000 after purchasing an additional 151,442 shares in the last quarter. 4.63% of the stock is currently owned by institutional investors and hedge funds.
Azul 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.