Azul (NYSE:AZUL) has been assigned a $46.00 price target by equities researchers at Barclays in a research report issued on Monday, TipRanks reports. The firm presently has a “hold” rating on the stock. Barclays‘s target price suggests a potential upside of 21.12% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. Buckingham Research cut shares of Azul from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $53.00 to $39.00 in a research report on Tuesday. UBS Group cut shares of Azul from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 18th. Raymond James increased their price target on shares of Azul from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. ValuEngine cut shares of Azul from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Azul currently has an average rating of “Hold” and an average target price of $39.51.
Shares of AZUL stock traded down $2.73 during trading hours on Monday, hitting $37.98. 45,602 shares of the company were exchanged, compared to its average volume of 558,022. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.69 and a quick ratio of 0.65. Azul has a one year low of $15.60 and a one year high of $43.14. The firm has a 50-day moving average price of $38.67. The company has a market cap of $13.49 billion, a PE ratio of 23.92 and a beta of -0.65.
Azul (NYSE:AZUL) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.09 by $0.69. Azul had a net margin of 7.28% and a return on equity of 38.51%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, sell-side analysts expect that Azul will post 2.02 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of AZUL. Quantamental Technologies LLC increased its stake in shares of Azul by 237.7% in the first quarter. Quantamental Technologies LLC now owns 1,013 shares of the company’s stock valued at $30,000 after purchasing an additional 713 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Azul by 63.6% in the second quarter. Daiwa Securities Group Inc. now owns 900 shares of the company’s stock valued at $30,000 after purchasing an additional 350 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Azul in the second quarter valued at approximately $33,000. PNC Financial Services Group Inc. acquired a new stake in shares of Azul in the first quarter valued at approximately $37,000. Finally, Northern Trust Corp acquired a new stake in shares of Azul in the second quarter valued at approximately $216,000. 6.86% of the stock is currently owned by hedge funds and other institutional investors.
Azul Company Profile
Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
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