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.
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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