Azul (NYSE:AZUL) Stock Price Down 5.5%

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Azul SA (NYSE:AZUL)’s stock price dropped 5.5% during mid-day trading on Friday . The company traded as low as $35.75 and last traded at $36.13, approximately 792,760 shares changed hands during trading. An increase of 44% from the average daily volume of 551,715 shares. The stock had previously closed at $38.22.

AZUL has been the subject of a number of research reports. ValuEngine raised shares of Azul from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 29th. Raymond James lifted their target price on shares of Azul from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Buckingham Research raised shares of Azul from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $39.00 to $51.00 in a research note on Monday, October 28th. Deutsche Bank lifted their price objective on shares of Azul from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Barclays set a $46.00 price objective on shares of Azul and gave the company a “hold” rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Azul presently has a consensus rating of “Hold” and an average price target of $41.18.

The firm’s 50 day moving average is $37.25 and its 200-day moving average is $34.70. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 22.72 and a beta of -0.51.

Azul (NYSE:AZUL) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.59 billion. During the same quarter in the previous year, the business earned $0.55 EPS. Azul’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, research analysts expect that Azul SA will post 2.14 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. ThornTree Capital Partners LP lifted its stake in shares of Azul by 2.6% in the 2nd quarter. ThornTree Capital Partners LP now owns 617,711 shares of the company’s stock valued at $20,656,000 after purchasing an additional 15,764 shares during the last quarter. Atria Investments LLC acquired a new position in Azul during the 2nd quarter worth $556,000. Capital International Sarl acquired a new position in Azul during the 2nd quarter worth $1,464,000. Pinebridge Investments L.P. acquired a new position in Azul during the 2nd quarter worth $1,921,000. Finally, JPMorgan Chase & Co. lifted its position in Azul by 24.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 85,410 shares of the company’s stock worth $2,814,000 after acquiring an additional 16,582 shares during the last quarter. 4.71% of the stock is owned by institutional investors and hedge funds.

Azul Company Profile (NYSE:AZUL)

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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