Azul (NYSE:AZUL) Price Target Increased to $22.20 by Analysts at The Goldman Sachs Group

Azul (NYSE:AZUL) had its target price upped by stock analysts at The Goldman Sachs Group from $21.60 to $22.20 in a report issued on Monday, Price Targets.com reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 9.52% from the stock’s previous close.

A number of other analysts have also recently commented on AZUL. Deutsche Bank Aktiengesellschaft upgraded shares of Azul from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, March 11th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Azul in a report on Monday, March 29th. Seaport Global Securities cut Azul from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 17th. Santander cut Azul from a “buy” rating to a “hold” rating in a research note on Monday, December 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $15.20 price target on shares of Azul in a research report on Monday, March 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.68.

Shares of AZUL stock opened at $20.27 on Monday. The business’s fifty day moving average is $20.75 and its 200 day moving average is $20.01. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of -1.34 and a beta of 1.62. Azul has a twelve month low of $5.60 and a twelve month high of $25.84.

Several institutional investors have recently bought and sold shares of AZUL. Hood River Capital Management LLC raised its stake in shares of Azul by 52.1% in the fourth quarter. Hood River Capital Management LLC now owns 2,288,751 shares of the company’s stock worth $52,229,000 after purchasing an additional 783,792 shares during the last quarter. Oaktree Capital Management LP raised its position in Azul by 35.3% in the 4th quarter. Oaktree Capital Management LP now owns 2,262,454 shares of the company’s stock worth $51,629,000 after buying an additional 590,300 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Azul by 18.0% during the 4th quarter. Russell Investments Group Ltd. now owns 1,893,182 shares of the company’s stock valued at $43,180,000 after acquiring an additional 288,743 shares during the period. U S Global Investors Inc. lifted its stake in Azul by 6.1% during the 4th quarter. U S Global Investors Inc. now owns 1,272,079 shares of the company’s stock valued at $29,029,000 after acquiring an additional 73,429 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Azul by 7.8% during the 4th quarter. Lazard Asset Management LLC now owns 697,492 shares of the company’s stock valued at $15,916,000 after acquiring an additional 50,626 shares during the last quarter. 1.84% of the stock is owned by institutional investors and hedge funds.

Azul Company Profile

Azul SA, together with its subsidiaries, provides passenger and cargo air transportation services in Brazil. As of December 31, 2019, it operated 916 daily flights to 116 destinations through a network of 249 non-stop routes with a fleet of 140 aircraft. The company is also involved in the aircraft financing, package holidays, loyalty programs, and investment fund activities.

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Analyst Recommendations for Azul (NYSE:AZUL)

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