Zacks Investment Research upgraded shares of Azul SA (NASDAQ:AZUL) from a hold rating to a buy rating in a research note released on Friday. They currently have $30.00 price target on the stock.
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 have also issued research reports about the company. Buckingham Research raised their price objective on 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 Azul SA in a report on Monday, May 15th. They issued an overweight rating on the stock. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus target price of $31.75.
Shares of Azul SA (NASDAQ AZUL) opened at 26.87 on Friday. The company has a market cap of $2.96 billion and a PE ratio of 95.28. Azul SA has a 12 month low of $19.43 and a 12 month high of $27.15. The company has a 50-day moving average of $25.62 and a 200 day moving average of $23.61.
Azul SA (NASDAQ:AZUL) last announced 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. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Azul SA had a negative net margin of 1.97% and a negative return on equity of 8.12%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. On average, analysts anticipate that Azul SA will post $0.43 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in AZUL. Quantitative Systematic Strategies LLC purchased a new position in Azul SA in the 2nd quarter valued at $341,000. Sei Investments Co. purchased a new position in Azul SA in the 2nd quarter valued at $101,000. Frontier Capital Management Co. LLC purchased a new position in Azul SA in the 2nd quarter valued at $128,000. GAM Holding AG purchased a new position in Azul SA in the 2nd quarter valued at $632,000. Finally, Victory Capital Management Inc. purchased a new position in Azul SA in the 2nd quarter valued at $53,395,000.
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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