Azul SA (AZUL) Receives Consensus Rating of “Buy” from Brokerages

Azul SA (NYSE:AZUL) has been given a consensus rating of “Buy” by the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of analysts have recently issued reports on the stock. Buckingham Research restated a “buy” rating and set a $35.00 target price (up previously from $33.00) on shares of Azul in a research note on Monday, September 25th. BidaskClub cut shares of Azul from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th.

A number of institutional investors have recently modified their holdings of the business. Stifel Financial Corp raised its stake in Azul by 22.6% in the 3rd quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock worth $3,512,000 after purchasing an additional 23,558 shares in the last quarter. Virtu Financial LLC acquired a new stake in Azul in the 3rd quarter worth about $2,709,000. Bienville Capital Management LLC raised its stake in Azul by 142.1% in the 3rd quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock worth $7,083,000 after purchasing an additional 151,442 shares in the last quarter. Jane Street Group LLC acquired a new stake in Azul in the 3rd quarter worth about $4,458,000. Finally, Oaktree Capital Management LP raised its stake in Azul by 17.2% in the 3rd quarter. Oaktree Capital Management LP now owns 1,154,741 shares of the company’s stock worth $31,698,000 after purchasing an additional 169,100 shares in the last quarter. Institutional investors and hedge funds own 4.63% of the company’s stock.

Azul (NYSE:AZUL) traded up $0.10 during midday trading on Monday, hitting $24.40. 310,500 shares of the stock were exchanged, compared to its average volume of 359,993. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.75. Azul has a one year low of $19.43 and a one year high of $29.43.

Azul (NYSE:AZUL) last posted its earnings results on Thursday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.30. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS. equities research analysts expect that Azul will post 0.88 earnings per share for the current year.

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About Azul

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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