Shares of Azul SA (NYSE:AZUL) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.54.

A number of analysts recently weighed in on AZUL shares. Buckingham Research raised their target price on shares of Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a report on Monday, April 22nd.

A number of large investors have recently modified their holdings of AZUL. Quantamental Technologies LLC boosted its stake in Azul by 237.7% in the 1st quarter. Quantamental Technologies LLC now owns 1,013 shares of the company’s stock worth $30,000 after purchasing an additional 713 shares during the period. DNB Asset Management AS boosted its stake in Azul by 4.8% in the 1st quarter. DNB Asset Management AS now owns 17,346 shares of the company’s stock worth $507,000 after purchasing an additional 800 shares during the period. PNC Financial Services Group Inc. acquired a new position in Azul in the 1st quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. boosted its stake in Azul by 24.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 9,600 shares of the company’s stock worth $280,000 after purchasing an additional 1,900 shares during the period. Finally, Pasadena Private Wealth LLC boosted its stake in Azul by 38.5% in the 1st quarter. Pasadena Private Wealth LLC now owns 14,400 shares of the company’s stock worth $421,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 6.97% of the company’s stock.

NYSE:AZUL traded up $0.07 during trading hours on Monday, reaching $24.01. 12,490 shares of the company’s stock were exchanged, compared to its average volume of 520,542. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 15.02 and a beta of -0.75. Azul has a 12 month low of $15.53 and a 12 month high of $34.09. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.65 and a current ratio of 0.69.

Azul (NYSE:AZUL) last issued its earnings results on Thursday, May 9th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Azul had a net margin of 3.59% and a return on equity of 15.84%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. On average, sell-side analysts expect that Azul will post 1.75 EPS for the current fiscal year.

Azul Company Profile

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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