Azul (AZUL) Trading Down 5.8%

Shares of Azul SA (NYSE:AZUL) traded down 5.8% during trading on Monday . The stock traded as low as $17.30 and last traded at $17.43. 562,100 shares were traded during trading, a decline of 27% from the average session volume of 769,558 shares. The stock had previously closed at $18.50.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Azul from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Buckingham Research dropped their target price on shares of Azul from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, June 13th. ValuEngine cut shares of Azul from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Finally, Goldman Sachs Group assumed coverage on shares of Azul in a research report on Monday, July 16th. They set a “buy” rating and a $33.40 target price for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Azul presently has a consensus rating of “Hold” and an average price target of $32.44.

The stock has a market cap of $5.95 billion, a P/E ratio of 11.53 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.90 and a current ratio of 0.95.

Azul (NYSE:AZUL) last issued its earnings results on Thursday, August 9th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04. The company had revenue of $562.39 million during the quarter, compared to analysts’ expectations of $585.84 million. Azul had a net margin of 8.24% and a return on equity of 24.66%. equities analysts expect that Azul SA will post 1.21 earnings per share for the current year.

Several institutional investors have recently modified their holdings of AZUL. State of Wisconsin Investment Board bought a new stake in shares of Azul in the 1st quarter valued at $613,000. BlackRock Inc. increased its position in shares of Azul by 7.4% in the 1st quarter. BlackRock Inc. now owns 7,616,305 shares of the company’s stock valued at $264,667,000 after buying an additional 527,979 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Azul in the 1st quarter valued at $1,973,000. Employees Retirement System of Texas acquired a new position in Azul in the 1st quarter worth $106,000. Finally, Capital Growth Management LP acquired a new position in Azul in the 1st quarter worth $2,954,000. 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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