Azul SA (NASDAQ:AZUL) had its price objective increased by equities researchers at Buckingham Research from $28.00 to $33.00 in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Buckingham Research’s price target suggests a potential upside of 24.39% from the stock’s current price.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Azul SA from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, July 10th. J P Morgan Chase & Co began coverage on shares of Azul SA in a report on Monday, May 15th. They issued an “overweight” rating for the company. Raymond James Financial, Inc. began coverage on shares of Azul SA in a report on Tuesday, May 9th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Citigroup Inc. assumed coverage on shares of Azul SA in a report on Tuesday, May 9th. They issued a “buy” rating and a $34.00 price target for the company. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $30.75.

Shares of Azul SA (AZUL) traded up 0.30% on Monday, reaching $26.61. 108,027 shares of the company were exchanged. The stock’s market capitalization is $2.37 billion. Azul SA has a 52 week low of $19.43 and a 52 week high of $26.91. The firm’s 50 day moving average price is $23.08 and its 200 day moving average price is $22.90.

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Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new stake in shares of Azul SA during the second quarter valued at about $53,395,000. GAM Holding AG acquired a new stake in shares of Azul SA during the second quarter valued at about $632,000. Frontier Capital Management Co. LLC acquired a new stake in shares of Azul SA during the second quarter valued at about $128,000. Sei Investments Co. acquired a new stake in shares of Azul SA during the second quarter valued at about $101,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Azul SA during the second quarter valued at about $341,000.

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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