BidaskClub lowered shares of Azul SA (NASDAQ:AZUL) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.

A number of other analysts have also issued reports on AZUL. Zacks Investment Research raised Azul SA from a hold rating to a buy rating and set a $26.00 price target on the stock in a research note on Monday, July 10th. Buckingham Research lifted their price target on Azul SA from $28.00 to $33.00 and gave the stock a buy rating in a research note on Monday, August 7th. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of $32.25.

Shares of Azul SA (NASDAQ:AZUL) opened at 27.45 on Wednesday. Azul SA has a one year low of $19.43 and a one year high of $29.43. The stock’s 50 day moving average price is $26.04 and its 200 day moving average price is $23.85. The stock has a market capitalization of $3.02 billion and a PE ratio of 97.34.

Azul SA (NASDAQ:AZUL) last issued its quarterly earnings results on Monday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.11). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.75 billion. Azul SA had a negative return on equity of 8.12% and a negative net margin of 1.97%. The firm’s revenue was up 19.4% compared to the same quarter last year. Equities research analysts predict that Azul SA will post $0.43 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Sei Investments Co. acquired a new stake in shares of Azul SA in the second quarter worth approximately $101,000. Frontier Capital Management Co. LLC acquired a new stake in shares of Azul SA in the second quarter worth approximately $128,000. CNH Partners LLC acquired a new stake in shares of Azul SA in the second quarter worth approximately $316,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Azul SA in the second quarter worth approximately $341,000. Finally, Brighton Jones LLC acquired a new stake in shares of Azul SA in the second quarter worth approximately $358,000.

About Azul SA

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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