Zacks: Azul SA (AZUL) Given Consensus Recommendation of “Strong Buy” by Brokerages

Azul SA (NASDAQ:AZUL) has received an average broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and two have given a strong buy rating to the company.

Brokerages have set a 12-month consensus price objective of $30.00 for the company and are expecting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Azul SA an industry rank of 13 out of 265 based on the ratings given to related companies.

A number of research analysts have commented on AZUL shares. J P Morgan Chase & Co restated an “overweight” rating on shares of Azul SA in a research note on Monday, May 8th. Citigroup Inc. started coverage on shares of Azul SA in a research note on Tuesday, May 9th. They set a “buy” rating and a $34.00 price target for the company. Raymond James Financial, Inc. started coverage on shares of Azul SA in a research note on Tuesday, May 9th. They set an “outperform” rating and a $30.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Azul SA from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Monday, July 10th.

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Shares of Azul SA (NASDAQ:AZUL) traded up 1.49% during trading on Wednesday, hitting $23.87. The stock had a trading volume of 121,561 shares. The company’s market cap is $2.12 billion. The stock’s 50 day moving average is $21.76 and its 200-day moving average is $22.31. Azul SA has a 12-month low of $19.43 and a 12-month high of $25.99.

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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