Zacks Investment Research upgraded shares of Azul (NYSE:AZUL) from a hold rating to a buy rating in a research note issued to investors on Friday morning. Zacks Investment Research currently has $36.00 price objective on the stock.
According to Zacks, “Azul SA is a holding company for the providers of airline passenger and cargo services. Azul SA is headquartered in Barueri, Brazil. “
Several other equities research analysts have also recently issued reports on AZUL. Buckingham Research reissued a buy rating and issued a $38.00 target price (up from $35.00) on shares of Azul in a research report on Friday. UBS Group began coverage on shares of Azul in a research report on Friday, February 16th. They issued a buy rating and a $38.00 target price on the stock. Finally, Bank of America began coverage on shares of Azul in a research report on Thursday, January 11th. They set a buy rating and a $24.78 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $33.46.
A number of hedge funds have recently made changes to their positions in AZUL. SeaCrest Wealth Management LLC acquired a new position in Azul during the fourth quarter valued at approximately $114,000. Castleark Management LLC acquired a new position in Azul during the fourth quarter valued at approximately $153,000. Picton Mahoney Asset Management acquired a new position in Azul during the fourth quarter valued at approximately $482,000. DnB Asset Management AS lifted its position in Azul by 12.5% during the fourth quarter. DnB Asset Management AS now owns 26,100 shares of the company’s stock valued at $622,000 after buying an additional 2,900 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in Azul by 241.6% during the fourth quarter. Two Sigma Advisers LP now owns 30,400 shares of the company’s stock valued at $724,000 after buying an additional 21,500 shares in the last quarter. 4.26% of the stock is currently owned by hedge funds and other institutional investors.
Azul Company Profile
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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