Raymond James Boosts Azul (NYSE:AZUL) Price Target to $40.00

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Azul (NYSE:AZUL) had its target price lifted by Raymond James from $37.00 to $40.00 in a research note published on Monday morning.

AZUL has been the topic of several other research reports. ValuEngine lowered shares of Universal Electronics from a strong-buy rating to a buy rating in a research report on Thursday, June 6th. UBS Group raised their price objective on shares of Intact Financial from C$122.00 to C$133.00 in a research report on Tuesday, June 18th. Buckingham Research raised their price objective on shares of Azul from $37.00 to $42.00 and gave the company a buy rating in a research report on Tuesday, March 19th. Finally, Zacks Investment Research lowered shares of HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Azul currently has an average rating of Hold and a consensus price target of $34.77.

Shares of AZUL opened at $39.57 on Monday. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 24.89 and a beta of -0.67. The company’s 50 day simple moving average is $33.02. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.65 and a current ratio of 0.69. Azul has a twelve month low of $15.60 and a twelve month high of $40.66.

Azul (NYSE:AZUL) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.57 billion. Azul had a net margin of 3.59% and a return on equity of 15.84%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. As a group, research analysts expect that Azul will post 1.94 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC raised its position 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. DNB Asset Management AS raised its position in shares of Azul by 4.8% in the first quarter. DNB Asset Management AS now owns 17,346 shares of the company’s stock valued at $507,000 after purchasing an additional 800 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of Azul in the first quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. raised its position in shares of Azul by 24.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 9,600 shares of the company’s stock valued at $280,000 after purchasing an additional 1,900 shares during the period. Finally, Pasadena Private Wealth LLC raised its position in shares of Azul by 38.5% in the first quarter. Pasadena Private Wealth LLC now owns 14,400 shares of the company’s stock valued at $421,000 after purchasing an additional 4,000 shares during the period. 6.87% of the stock is currently owned by 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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