Azul SA (NASDAQ:AZUL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $26.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.65% from the company’s previous close.
According to Zacks, “Azul SA is a holding company for the providers of airline passenger and cargo services. Azul SA is headquartered in Barueri, Brazil. “
Several other analysts have also recently commented on AZUL. J P Morgan Chase & Co initiated coverage on Azul SA in a report on Monday, May 8th. They set an “overweight” rating on the stock. Raymond James Financial, Inc. initiated coverage on Azul SA in a research note on Tuesday, May 9th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Citigroup Inc. assumed coverage on Azul SA in a research note on Tuesday, May 9th. They issued a “buy” rating and a $34.00 target price on the stock.
Azul SA (AZUL) opened at 23.08 on Monday. The stock’s 50 day moving average is $21.76 and its 200 day moving average is $22.31. The firm’s market cap is $2.05 billion. Azul SA has a one year low of $19.43 and a one year high of $25.99.
Azul SA Company Profile
Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.
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