Azul (NYSE:AZUL) had its target price increased by Raymond James from $37.00 to $40.00 in a research note published on Monday.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Monday, April 22nd. ValuEngine cut Universal Electronics from a strong-buy rating to a buy rating in a research report on Thursday, June 6th. UBS Group increased their price target on Intact Financial from C$122.00 to C$133.00 in a research report on Tuesday, June 18th. Finally, Buckingham Research increased their price target on Azul from $37.00 to $42.00 and gave the stock a buy rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Azul currently has an average rating of Hold and a consensus target price of $34.77.

NYSE AZUL traded down $0.30 on Monday, hitting $39.57. 591,904 shares of the stock traded hands, compared to its average volume of 583,100. The company has a 50-day moving average price of $32.77. Azul has a twelve month low of $15.60 and a twelve month high of $40.66. The stock has a market capitalization of $12.64 billion, a P/E ratio of 24.86 and a beta of -0.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.69 and a quick ratio of 0.65.

Azul (NYSE:AZUL) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Azul had a return on equity of 15.84% and a net margin of 3.59%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. Research analysts expect that Azul will post 1.94 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Azul in the 4th quarter valued at approximately $36,801,000. Candriam Luxembourg S.C.A. acquired a new stake in Azul in the 4th quarter valued at approximately $13,872,000. Macquarie Group Ltd. increased its position in Azul by 157.2% in the 4th quarter. Macquarie Group Ltd. now owns 282,354 shares of the company’s stock valued at $7,818,000 after acquiring an additional 172,558 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Azul in the 4th quarter valued at approximately $4,513,000. Finally, American Century Companies Inc. increased its position in Azul by 53.4% in the 4th quarter. American Century Companies Inc. now owns 438,615 shares of the company’s stock valued at $12,145,000 after acquiring an additional 152,615 shares during the period. Institutional investors and hedge funds own 6.87% of the company’s stock.

Azul Company Profile

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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