Azul (NYSE:AZUL) Stock Rating Lowered by Buckingham Research

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Azul (NYSE:AZUL) was downgraded by equities researchers at Buckingham Research from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat.com reports. They currently have a $39.00 price objective on the stock, down from their prior price objective of $53.00. Buckingham Research’s price target indicates a potential upside of 2.69% from the stock’s previous close.

A number of other equities research analysts have also recently commented on AZUL. Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. ValuEngine cut shares of Azul from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James upped their target price on shares of Azul from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 9th. UBS Group cut shares of Azul from a “neutral” rating to a “sell” rating in a report on Tuesday, June 18th. Finally, Barclays initiated coverage on shares of Azul in a report on Monday, July 29th. They issued an “equal weight” rating and a $44.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $39.51.

Shares of NYSE:AZUL opened at $37.98 on Tuesday. The company has a 50-day simple moving average of $38.77. Azul has a one year low of $15.60 and a one year high of $43.14. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $13.17 billion, a PE ratio of 22.36 and a beta of -0.65.

Azul (NYSE:AZUL) last announced its earnings results on Thursday, August 8th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.69. Azul had a net margin of 7.28% and a return on equity of 38.51%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The business’s revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts forecast that Azul will post 2.2 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AZUL. Norges Bank purchased a new position in Azul in the 4th quarter worth $36,801,000. Deutsche Bank AG raised its stake in Azul by 102,300.0% in the 4th quarter. Deutsche Bank AG now owns 102,400 shares of the company’s stock worth $2,834,000 after acquiring an additional 102,300 shares during the last quarter. DNB Asset Management AS raised its stake in Azul by 4.8% in the 1st quarter. DNB Asset Management AS now owns 17,346 shares of the company’s stock worth $507,000 after acquiring an additional 800 shares during the last quarter. Zweig DiMenna Associates LLC raised its stake in Azul by 2.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 1,456,219 shares of the company’s stock worth $42,536,000 after acquiring an additional 30,693 shares during the last quarter. Finally, Quantamental Technologies LLC raised its stake in Azul by 237.7% in the 1st quarter. Quantamental Technologies LLC now owns 1,013 shares of the company’s stock worth $30,000 after acquiring an additional 713 shares during the last quarter. 6.86% of the stock is owned by hedge funds and other institutional investors.

Azul Company Profile

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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Analyst Recommendations for Azul (NYSE:AZUL)

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