Azul S.A. (NYSE:AZUL) Receives Consensus Recommendation of “Hold” from Analysts

Azul S.A. (NYSE:AZUL – Get Rating) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.54.

A number of analysts have recently issued reports on AZUL shares. The Goldman Sachs Group reduced their price objective on shares of Azul from $11.10 to $9.10 and set a “neutral” rating for the company in a research note on Tuesday, December 6th. Morgan Stanley upgraded shares of Azul from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $6.00 to $8.60 in a research report on Wednesday.

Azul Stock Up 4.8 %

AZUL opened at $7.66 on Friday. The firm has a 50 day moving average price of $6.08 and a 200-day moving average price of $7.44. Azul has a twelve month low of $3.82 and a twelve month high of $16.89. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -4.76 and a beta of 1.24.

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

Institutional Trading of Azul

Institutional investors have recently modified their holdings of the company. Capital Research Global Investors lifted its stake in Azul by 3.0% during the 1st quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock valued at $196,134,000 after acquiring an additional 374,935 shares during the period. Oaktree Capital Management LP increased its holdings in shares of Azul by 14.4% during the 4th quarter. Oaktree Capital Management LP now owns 5,007,554 shares of the company’s stock valued at $30,596,000 after purchasing an additional 629,730 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Azul by 26.9% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,841,333 shares of the company’s stock valued at $31,268,000 after purchasing an additional 814,568 shares in the last quarter. Pendal Group Ltd increased its holdings in shares of Azul by 3.8% during the 4th quarter. Pendal Group Ltd now owns 3,071,077 shares of the company’s stock valued at $18,764,000 after purchasing an additional 111,400 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Azul by 551.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,339,760 shares of the company’s stock valued at $14,296,000 after purchasing an additional 1,980,852 shares in the last quarter. 2.43% of the stock is currently owned by institutional investors.

About Azul

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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.