Azul (NYSE:AZUL) Upgraded at Morgan Stanley

Azul (NYSE:AZUL – Get Rating) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Wednesday, MarketBeat reports. The brokerage presently has a $8.60 target price on the stock, up from their prior target price of $6.00. Morgan Stanley’s target price indicates a potential upside of 12.27% from the company’s current price.

Separately, The Goldman Sachs Group cut their price target on shares of Azul from $11.10 to $9.10 and set a “neutral” rating for the company in a report on Tuesday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.54.

Azul Stock Performance

Shares of AZUL opened at $7.66 on Wednesday. Azul has a one year low of $3.82 and a one year high of $16.89. The stock has a 50-day moving average price of $6.08 and a 200 day moving average price of $7.44. The company has a market capitalization of $3.22 billion, a P/E ratio of -4.76 and a beta of 1.24.

Azul (NYSE:AZUL – Get Rating) last posted its quarterly earnings data on Monday, March 6th. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.57). The business had revenue of $846.31 million for the quarter, compared to the consensus estimate of $898.95 million. As a group, equities research analysts forecast that Azul will post -0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of Azul by 930.7% in the second quarter. UBS Group AG now owns 3,628 shares of the company’s stock valued at $26,000 after purchasing an additional 3,276 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Azul by 140.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,190 shares of the company’s stock valued at $34,000 after buying an additional 2,447 shares in the last quarter. Signaturefd LLC lifted its position in Azul by 231.0% in the 3rd quarter. Signaturefd LLC now owns 4,677 shares of the company’s stock worth $38,000 after buying an additional 3,264 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Azul by 18.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,746 shares of the company’s stock worth $69,000 after purchasing an additional 1,487 shares during the period. Finally, Pasadena Private Wealth LLC bought a new position in Azul during the 4th quarter worth approximately $73,000. Institutional investors own 2.43% of the company’s stock.

Azul Company Profile

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Azul SA is a holding company, which engages in the provision of airline passenger and cargo services. The firm’s service features include passenger seat selection, leather seats, individual entertainment screens with free live television at every seat in all E-Jets, extensive legroom with a pitch of 30 inches or more, complimentary beverage and snack services and free bus service to key airports.