Barclays Cuts Azul (NYSE:AZUL) Price Target to $17.00

Azul (NYSE:AZULGet Rating) had its price target reduced by Barclays from $19.00 to $17.00 in a research report sent to investors on Tuesday morning, The Fly reports.

Other research analysts also recently issued research reports about the stock. Seaport Res Ptn upgraded shares of Azul from a neutral rating to a buy rating in a report on Tuesday, April 26th. Raymond James dropped their target price on shares of Azul from $25.00 to $22.00 and set an outperform rating on the stock in a report on Monday, April 25th. Finally, Zacks Investment Research downgraded shares of Azul from a hold rating to a sell rating and set a $14.00 target price on the stock. in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Azul presently has an average rating of Buy and a consensus price target of $29.11.

Shares of NYSE:AZUL opened at $12.31 on Tuesday. The firm has a fifty day moving average of $13.69 and a two-hundred day moving average of $14.12. The firm has a market capitalization of $5.18 billion, a P/E ratio of 15.20 and a beta of 1.18. Azul has a 12-month low of $10.40 and a 12-month high of $29.45.

Azul (NYSE:AZULGet Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.05). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.36 billion. The company’s quarterly revenue was up 109.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.49) EPS. Sell-side analysts expect that Azul will post -2.35 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AZUL. Advisor Group Holdings Inc. increased its holdings in Azul by 69.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 2,563 shares of the company’s stock worth $52,000 after purchasing an additional 1,048 shares in the last quarter. Penserra Capital Management LLC lifted its position in Azul by 101.6% during the third quarter. Penserra Capital Management LLC now owns 2,950 shares of the company’s stock worth $59,000 after acquiring an additional 1,487 shares during the last quarter. Signaturefd LLC lifted its position in Azul by 53.7% during the fourth quarter. Signaturefd LLC now owns 3,490 shares of the company’s stock worth $46,000 after acquiring an additional 1,219 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Azul during the fourth quarter worth approximately $79,000. Finally, Bank of America Corp DE increased its holdings in shares of Azul by 16.6% during the fourth quarter. Bank of America Corp DE now owns 6,110 shares of the company’s stock worth $81,000 after purchasing an additional 872 shares during the period. Institutional investors and hedge funds own 1.60% of the company’s stock.

Azul Company Profile (Get Rating)

Azul SA, together with its subsidiaries, provides passenger and cargo air transportation services in Brazil. As of December 31, 2020, it operated 700 daily departures to 112 destinations through a network of 203 non-stop routes with a fleet of 162 aircraft. The company is also involved in the loyalty programs, package holidays, investment fund, and aircraft financing activities.

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