Azul (AZUL) Downgraded by Goldman Sachs Group to Neutral
Goldman Sachs Group downgraded shares of Azul (NYSE:AZUL) from a buy rating to a neutral rating in a report published on Monday, MarketBeat.com reports. They currently have $27.07 price objective on the stock.
AZUL has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Azul from a hold rating to a sell rating in a report on Thursday, September 27th. ValuEngine upgraded shares of Azul from a sell rating to a hold rating in a report on Wednesday, October 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Azul presently has an average rating of Buy and an average price target of $31.17.
AZUL stock opened at $24.79 on Monday. Azul has a 52-week low of $15.53 and a 52-week high of $35.05. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12. The company has a market cap of $8.68 billion, a PE ratio of 16.31 and a beta of -1.58.
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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