Shares of Azul SA (NASDAQ:AZUL) have received a consensus broker rating score of 1.25 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. Azul SA’s rating score has improved by 6% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus price objective of $31.50 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Azul SA an industry rank of 34 out of 265 based on the ratings given to related companies.

AZUL has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Azul SA from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, July 10th. Raymond James Financial, Inc. initiated coverage on shares of Azul SA in a research note on Tuesday, May 9th. They set an “outperform” rating and a $30.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Azul SA in a research note on Monday, May 15th. They set an “overweight” rating for the company. Citigroup Inc. initiated coverage on shares of Azul SA in a research note on Tuesday, May 9th. They set a “buy” rating and a $34.00 target price for the company. Finally, Buckingham Research increased their target price on shares of Azul SA from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, August 7th.

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new stake in shares of Azul SA during the second quarter worth approximately $53,395,000. Citadel Advisors LLC purchased a new stake in shares of Azul SA during the second quarter worth approximately $36,963,000. FMR LLC purchased a new stake in shares of Azul SA during the second quarter worth approximately $29,146,000. BlueMountain Capital Management LLC purchased a new stake in shares of Azul SA during the second quarter worth approximately $21,423,000. Finally, Standard Life Investments LTD purchased a new stake in shares of Azul SA during the second quarter worth approximately $18,916,000.

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Shares of Azul SA (AZUL) opened at 25.39 on Friday. The stock has a 50 day moving average price of $24.33 and a 200-day moving average price of $23.21. The firm’s market cap is $2.26 billion. Azul SA has a 52-week low of $19.43 and a 52-week high of $26.96.

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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