Azul (AZUL) Now Covered by Analysts at Bank of America
Stock analysts at Bank of America began coverage on shares of Azul (NYSE:AZUL) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $24.78 price target on the stock.
A number of other brokerages have also recently weighed in on AZUL. Buckingham Research restated a “buy” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Azul in a report on Monday, September 25th. BidaskClub cut shares of Azul from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.56.
Shares of Azul (NYSE:AZUL) opened at $24.78 on Thursday. The firm has a market cap of $2,660.00 and a PE ratio of 154.88. 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 fifty-two week low of $19.43 and a fifty-two week high of $29.43.
Azul (NYSE:AZUL) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.30. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Azul’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS. equities analysts expect that Azul will post 0.88 EPS for the current year.
Large investors have recently bought and sold shares of the company. ThornTree Capital Partners LP purchased a new stake in Azul in the third quarter worth approximately $13,094,000. Oaktree Capital Management LP boosted its holdings in Azul by 17.2% in the third 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 during the last quarter. Jane Street Group LLC purchased a new stake in Azul in the third quarter worth approximately $4,458,000. Bienville Capital Management LLC boosted its holdings in Azul by 142.1% in the third 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 during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Azul in the third quarter worth approximately $2,709,000. Hedge funds and other institutional investors own 4.63% of the company’s stock.
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Azul Company Profile
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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