Azul (NYSE:AZUL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

A number of other equities research analysts have also recently weighed in on AZUL. Buckingham Research restated a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of Azul in a report on Monday, September 25th. BidaskClub cut Azul from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $32.00.

Azul (AZUL) traded up $1.00 during midday trading on Tuesday, reaching $24.83. The company’s stock had a trading volume of 229,814 shares, compared to its average volume of 177,650. The firm has a market cap of $2,720.00 and a PE ratio of 165.53. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.70 and a quick ratio of 0.66. Azul has a 52 week low of $19.43 and a 52 week high of $29.43.

Azul (NYSE:AZUL) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.30. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2 billion. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. research analysts predict that Azul will post 0.88 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Azul during the 3rd quarter valued at $2,709,000. Stifel Financial Corp grew its holdings in Azul by 22.6% during the 3rd quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock valued at $3,512,000 after buying an additional 23,558 shares during the last quarter. Jane Street Group LLC acquired a new stake in Azul during the 3rd quarter valued at $4,458,000. Bienville Capital Management LLC grew its holdings in Azul by 142.1% during the 3rd quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock valued at $7,083,000 after buying an additional 151,442 shares during the last quarter. Finally, ThornTree Capital Partners LP acquired a new stake in Azul during the 3rd quarter valued at $13,094,000. Institutional investors and hedge funds own 4.63% of the company’s stock.

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Azul 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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