Buckingham Research downgraded shares of Azul (NYSE:AZUL) from a buy rating to a neutral rating in a research report report published on Tuesday, 24/7 WallStreet reports. They currently have $39.00 target price on the stock, down from their prior target price of $53.00.

A number of other research analysts have also issued reports on AZUL. Zacks Investment Research lowered shares of Azul from a buy rating to a hold rating in a research note on Monday, April 22nd. ValuEngine lowered shares of Azul from a buy rating to a hold rating in a research note on Thursday, August 1st. Barclays initiated coverage on shares of Azul in a research note on Monday, July 29th. They set an equal weight rating and a $44.00 target price for the company. Raymond James upped their price target on shares of Azul from $40.00 to $47.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Finally, Deutsche Bank upped their price target on shares of Azul from $43.00 to $48.00 and gave the stock a buy rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Azul currently has an average rating of Hold and an average price target of $39.51.

Azul stock opened at $37.64 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $38.97 and a two-hundred day moving average price of $31.84. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 20.75 and a beta of -0.65. Azul has a 52-week low of $15.60 and a 52-week high of $43.14.

Azul (NYSE:AZUL) last posted its earnings results on Thursday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.69. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Azul had a net margin of 7.28% and a return on equity of 38.51%. Azul’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Research analysts expect that Azul will post 2.2 earnings per share for the current year.

Several large investors have recently modified their holdings of AZUL. Morgan Stanley lifted its stake in shares of Azul by 1,285.4% in the 2nd quarter. Morgan Stanley now owns 1,755,963 shares of the company’s stock worth $58,719,000 after acquiring an additional 1,629,217 shares during the period. Norges Bank acquired a new stake in shares of Azul in the 4th quarter worth approximately $36,801,000. Jane Street Group LLC lifted its stake in shares of Azul by 1,027.0% in the 2nd quarter. Jane Street Group LLC now owns 117,455 shares of the company’s stock worth $3,928,000 after acquiring an additional 107,033 shares during the period. Deutsche Bank AG lifted its stake in shares of Azul by 102,300.0% in the 4th quarter. Deutsche Bank AG now owns 102,400 shares of the company’s stock worth $2,834,000 after acquiring an additional 102,300 shares during the period. Finally, Picton Mahoney Asset Management lifted its stake in shares of Azul by 1,131.3% in the 1st quarter. Picton Mahoney Asset Management now owns 98,500 shares of the company’s stock worth $2,877,000 after acquiring an additional 90,500 shares during the period. 6.86% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Azul (NYSE:AZUL)

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