Azul S.A. (NYSE:AZUL) Receives $9.78 Average PT from Analysts

Shares of Azul S.A. (NYSE:AZUL – Get Rating) have received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $9.78.

Several research firms recently weighed in on AZUL. Morgan Stanley raised Azul from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $6.00 to $8.60 in a report on Wednesday, March 15th. UBS Group raised Azul from a “sell” rating to a “neutral” rating in a report on Monday, March 20th. Finally, Bank of America raised Azul from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $6.90 to $11.00 in a report on Monday.

Azul Trading Down 0.8 %

Shares of NYSE AZUL opened at $8.88 on Monday. Azul has a 12 month low of $3.82 and a 12 month high of $13.50. The stock has a 50 day moving average of $7.09 and a 200-day moving average of $6.63. The company has a market capitalization of $3.74 billion, a P/E ratio of -1.53 and a beta of 1.38.

Azul (NYSE:AZUL – Get Rating) last issued its earnings results on Monday, March 6th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.57). The firm had revenue of $846.31 million during the quarter, compared to the consensus estimate of $898.95 million. Analysts predict that Azul will post -1.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Azul

Several hedge funds and other institutional investors have recently modified their holdings of AZUL. Capital Research Global Investors grew its position in Azul by 3.0% during the 1st quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock worth $196,134,000 after acquiring an additional 374,935 shares during the last quarter. Oaktree Capital Management LP grew its position in Azul by 14.4% during the 4th quarter. Oaktree Capital Management LP now owns 5,007,554 shares of the company’s stock worth $30,596,000 after acquiring an additional 629,730 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in Azul by 296.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 4,384,995 shares of the company’s stock worth $31,353,000 after acquiring an additional 3,280,010 shares during the last quarter. Pendal Group Ltd grew its position in Azul by 3.8% during the 4th quarter. Pendal Group Ltd now owns 3,071,077 shares of the company’s stock worth $18,764,000 after acquiring an additional 111,400 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Azul by 38.2% during the 1st quarter. Russell Investments Group Ltd. now owns 2,446,109 shares of the company’s stock worth $17,490,000 after acquiring an additional 675,569 shares during the last quarter. Institutional investors own 2.43% of the company’s stock.

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.