Azul S.A. (NYSE:AZUL) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.03.
AZUL has been the topic of a number of research analyst reports. Bank of America lowered shares of Azul from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $15.00 to $20.80 in a report on Monday, September 13th. Raymond James raised shares of Azul from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Thursday, September 16th. Credit Suisse Group began coverage on shares of Azul in a research note on Tuesday, August 31st. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Azul from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, July 15th.
Shares of NYSE AZUL opened at $19.07 on Monday. Azul has a twelve month low of $11.16 and a twelve month high of $29.45. The firm has a fifty day simple moving average of $20.65 and a 200 day simple moving average of $22.63.
A number of institutional investors have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC boosted its position in Azul by 5.1% in the 2nd quarter. Kestra Private Wealth Services LLC now owns 16,877 shares of the company’s stock worth $446,000 after purchasing an additional 825 shares in the last quarter. American Century Companies Inc. lifted its holdings in Azul by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 10,760 shares of the company’s stock valued at $284,000 after purchasing an additional 825 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Azul by 845.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,059 shares of the company’s stock valued at $28,000 after purchasing an additional 947 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Azul in the 2nd quarter worth $38,000. Finally, First Mercantile Trust Co. increased its stake in shares of Azul by 46.9% in the 1st quarter. First Mercantile Trust Co. now owns 12,557 shares of the company’s stock worth $254,000 after acquiring an additional 4,010 shares during the last quarter. Institutional investors and hedge funds own 1.42% of the company’s stock.
Azul Company Profile
Azul SA is a holding company, which engages in the provision of airline passenger and cargo services. The firm’s service features include passenger seat selection, leather seats, individual entertainment screens with free live television at every seat in all E-Jets, extensive legroom with a pitch of 30 inches or more, complimentary beverage and snack services and free bus service to key airports.
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