Azul (NYSE:AZUL – Get Rating) had its price objective dropped by investment analysts at The Goldman Sachs Group from $15.40 to $9.90 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 41.83% from the company’s previous close.
AZUL has been the subject of several other reports. Seaport Res Ptn raised Azul from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 26th. Raymond James decreased their target price on Azul from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, April 25th. Finally, Barclays decreased their target price on Azul from $19.00 to $17.00 in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.78.
NYSE AZUL opened at $6.98 on Tuesday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 8.62 and a beta of 1.41. The business has a fifty day simple moving average of $10.76 and a 200 day simple moving average of $13.14. Azul has a 12 month low of $6.79 and a 12 month high of $26.98.
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Azul (NYSE:AZUL – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.21) by $0.07. The company had revenue of $610.94 million during the quarter, compared to analysts’ expectations of $638.50 million. As a group, research analysts anticipate that Azul will post -2.06 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. increased its holdings in Azul by 1.6% in the 4th quarter. Pinebridge Investments L.P. now owns 59,929 shares of the company’s stock worth $791,000 after acquiring an additional 957 shares during the last quarter. American Century Companies Inc. boosted its stake in Azul by 8.4% in the 4th quarter. American Century Companies Inc. now owns 12,664 shares of the company’s stock worth $167,000 after purchasing an additional 983 shares during the period. Advisor Group Holdings Inc. boosted its stake in Azul by 83.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,630 shares of the company’s stock worth $151,000 after purchasing an additional 1,200 shares during the period. Signaturefd LLC boosted its stake in Azul by 53.7% in the 4th quarter. Signaturefd LLC now owns 3,490 shares of the company’s stock worth $46,000 after purchasing an additional 1,219 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Azul by 16.2% in the 4th quarter. BNP Paribas Arbitrage SA now owns 10,813 shares of the company’s stock worth $143,000 after purchasing an additional 1,506 shares during the period. 1.60% of the stock is owned by institutional investors.
Azul Company Profile (Get Rating)
Azul SA, together with its subsidiaries, provides passenger and cargo transportation services in Brazil. As of December 31, 2021, the company operated 850 daily departures to 125 destinations through a network of 259 non-stop routes with a fleet of 179 aircraft. It is also involved in the loyalty programs, travel packages, investment fund, logistics solutions, and aircraft financing activities.
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