Azul SA (NYSE:AZUL) saw an uptick in trading volume on Monday . 5,012,709 shares traded hands during trading, an increase of 531% from the previous session’s volume of 794,502 shares.The stock last traded at $21.95 and had previously closed at $19.22.
A number of research firms have weighed in on AZUL. Zacks Investment Research lowered Azul from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Buckingham Research lowered their target price on Azul from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, June 13th. Finally, Goldman Sachs Group began coverage on Azul in a report on Monday, July 16th. They set a “buy” rating and a $33.40 target price for the company. Three equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Azul currently has a consensus rating of “Hold” and a consensus price target of $32.44.
The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 1.15. The firm has a market cap of $5.72 billion, a P/E ratio of 14.95 and a beta of 0.67.
Azul (NYSE:AZUL) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04. Azul had a return on equity of 24.66% and a net margin of 8.24%. The firm had revenue of $562.39 million during the quarter, compared to analyst estimates of $585.84 million. As a group, analysts expect that Azul SA will post 1.12 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC purchased a new stake in shares of Azul during the 1st quarter valued at $251,000. SeaCrest Wealth Management LLC lifted its holdings in shares of Azul by 242.3% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 8,900 shares of the company’s stock valued at $146,000 after purchasing an additional 6,300 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Azul during the 2nd quarter valued at $244,000. Twin Focus Capital Partners LLC purchased a new stake in shares of Azul during the 2nd quarter valued at $245,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Azul during the 2nd quarter valued at $260,000. Hedge funds and other institutional investors own 6.77% of the company’s stock.
Azul Company Profile (NYSE: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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