Somewhat Positive Media Coverage Somewhat Unlikely to Impact Azul (AZUL) Stock Price
News coverage about Azul (NYSE:AZUL) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Azul earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.4094397680691 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- CORRECTED-Brazil’s Azul posts Q2 loss of 45 million reais (feeds.reuters.com)
- Azul reports 22.6% rise in July traffic (seekingalpha.com)
- Cruz Azul vs Atlas En Vivo Score: Copa MX Table Results (news.lalate.com)
- Azul Reports Second Quarter Results (finance.yahoo.com)
- Brazil’s Azul posts Q2 profit for the first time in three years (finance.yahoo.com)
Azul opened at $18.90 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.22 billion, a PE ratio of 12.43 and a beta of 1.10. Azul has a fifty-two week low of $15.53 and a fifty-two week high of $35.05.
AZUL has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on Azul in a report on Monday, July 16th. They issued a “buy” rating and a $33.40 price target for the company. Buckingham Research lowered their price target on Azul from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, June 13th. ValuEngine upgraded Azul from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Finally, Zacks Investment Research upgraded Azul from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.44.
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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