Azul (NYSE:AZUL) Coverage Initiated at Seaport Global Securities
Equities research analysts at Seaport Global Securities started coverage on shares of Azul (NYSE:AZUL) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set a “neutral” rating on the stock.
AZUL has been the subject of several other reports. Deutsche Bank raised Azul from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, September 9th. Bank of America began coverage on Azul in a report on Thursday, May 28th. They set a “neutral” rating for the company. ValuEngine raised Azul from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Raymond James raised Azul from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Friday, September 4th. Finally, UBS Group downgraded Azul from a “neutral” rating to a “sell” rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.66.
AZUL stock opened at $16.73 on Tuesday. The company has a market capitalization of $7.00 billion, a P/E ratio of -1.20 and a beta of 1.01. Azul has a twelve month low of $5.30 and a twelve month high of $44.55. The business has a 50 day simple moving average of $12.72 and a 200-day simple moving average of $11.93.
Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
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