Azul SA (NYSE:AZUL) Receives $36.36 Consensus Target Price from Analysts

Share on StockTwits

Shares of Azul SA (NYSE:AZUL) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $36.36.

Several research analysts recently weighed in on AZUL shares. Buckingham Research upped their price target on shares of Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Raymond James cut shares of First Midwest Bancorp to a “hold” rating in a research note on Monday, July 8th. Zacks Investment Research cut shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. UBS Group upped their price objective on shares of Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Finally, ValuEngine cut shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th.

A number of hedge funds and other institutional investors have recently made changes to their positions in AZUL. Oaktree Capital Management LP grew its stake in shares of Azul by 2.6% in the 1st quarter. Oaktree Capital Management LP now owns 1,479,868 shares of the company’s stock valued at $43,227,000 after buying an additional 37,504 shares during the period. Zweig DiMenna Associates LLC grew its stake in shares of Azul by 2.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 1,456,219 shares of the company’s stock valued at $42,536,000 after buying an additional 30,693 shares during the period. Norges Bank purchased a new stake in shares of Azul in the 4th quarter valued at approximately $36,801,000. Lazard Asset Management LLC grew its stake in shares of Azul by 5.3% in the 1st quarter. Lazard Asset Management LLC now owns 594,250 shares of the company’s stock valued at $17,358,000 after buying an additional 29,787 shares during the period. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Azul in the 4th quarter valued at approximately $13,872,000. 6.87% of the stock is owned by institutional investors.

Shares of AZUL traded down $0.43 during mid-day trading on Tuesday, hitting $39.14. 311,492 shares of the company were exchanged, compared to its average volume of 632,561. Azul has a 1-year low of $15.60 and a 1-year high of $40.66. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 1.07. The firm’s 50 day simple moving average is $33.29. The stock has a market cap of $12.59 billion, a PE ratio of 24.62 and a beta of -0.66.

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

About Azul

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.

Featured Story: The risks of owning bonds

Receive News & Ratings for Azul Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azul and related companies with MarketBeat.com's FREE daily email newsletter.