Zacks Investment Research upgraded shares of Azul Sa (NYSE:AZUL) from a hold rating to a buy rating in a report released on Wednesday morning. The brokerage currently has $29.00 price objective on the stock.

According to Zacks, “Azul SA is a holding company for the providers of airline passenger and cargo services. Azul SA is headquartered in Barueri, Brazil. “

AZUL has been the topic of several other reports. BidaskClub downgraded shares of Azul Sa from a strong-buy rating to a buy rating in a report on Wednesday, September 27th. Buckingham Research reissued a buy rating and issued a $35.00 price target (up from $33.00) on shares of Azul Sa in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $32.00.

Azul Sa (NYSE:AZUL) traded up $0.12 during midday trading on Wednesday, reaching $26.01. 492,900 shares of the company’s stock traded hands, compared to its average volume of 357,855. Azul Sa has a 1-year low of $19.43 and a 1-year high of $29.43. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.

Azul Sa (NYSE:AZUL) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.30. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. Azul Sa’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. analysts anticipate that Azul Sa will post 0.88 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Azul Sa in the third quarter worth about $2,709,000. Bienville Capital Management LLC lifted its holdings in shares of Azul Sa 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 buying an additional 151,442 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Azul Sa in the third quarter worth about $4,458,000. Oaktree Capital Management LP lifted its holdings in shares of Azul Sa 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 buying an additional 169,100 shares in the last quarter. Finally, ThornTree Capital Partners LP purchased a new stake in shares of Azul Sa in the third quarter worth about $13,094,000.

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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