Azul (NYSE:AZUL) Trading Down 5.5%

Azul SA (NYSE:AZUL)’s share price was down 5.5% on Friday . The stock traded as low as $35.75 and last traded at $36.13, approximately 792,760 shares were traded during trading. An increase of 44% from the average daily volume of 551,715 shares. The stock had previously closed at $38.22.

A number of equities analysts recently commented on the company. Deutsche Bank lifted their price target on Azul from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Buckingham Research upgraded Azul from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $39.00 to $51.00 in a research note on Monday, October 28th. ValuEngine upgraded Azul from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 29th. Raymond James lifted their price target on Azul from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Barclays set a $46.00 price target on Azul and gave the stock a “hold” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Azul presently has an average rating of “Hold” and a consensus target price of $41.18.

The stock’s fifty day simple moving average is $37.25 and its 200-day simple moving average is $34.70. The stock has a market cap of $16.71 billion, a P/E ratio of 22.72 and a beta of -0.51.

Azul (NYSE:AZUL) last issued its earnings results on Thursday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.69. Azul had a net margin of 7.28% and a return on equity of 38.51%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company posted $0.55 earnings per share. Azul’s revenue was up 31.3% on a year-over-year basis. On average, research analysts predict that Azul SA will post 2.14 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. raised its holdings in shares of Azul by 63.6% during the second quarter. Daiwa Securities Group Inc. now owns 900 shares of the company’s stock valued at $30,000 after buying an additional 350 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Azul during the second quarter valued at approximately $33,000. Comerica Bank bought a new stake in shares of Azul during the third quarter valued at approximately $219,000. Northern Trust Corp bought a new stake in shares of Azul during the second quarter valued at approximately $216,000. Finally, Stevens Capital Management LP bought a new stake in shares of Azul during the second quarter valued at approximately $274,000. 4.71% of the stock is currently owned by hedge funds and other institutional investors.

About Azul (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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