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.
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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