Azul S.A. (NYSE:AZUL) was up 7.6% on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $18.00 to $25.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Azul traded as high as $21.34 and last traded at $21.30. Approximately 1,107,211 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 1,147,959 shares. The stock had previously closed at $19.80.

A number of other brokerages also recently weighed in on AZUL. Bradesco Corretora downgraded Azul from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 29th. BidaskClub lowered Azul from a “buy” rating to a “hold” rating in a research report on Thursday, December 24th. Raymond James lowered Azul from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 10th. ValuEngine upgraded Azul from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 1st. Finally, Santander lowered Azul from a “buy” rating to a “hold” rating in a research report on Monday, December 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Azul currently has a consensus rating of “Hold” and an average price target of $19.38.

A number of hedge funds have recently made changes to their positions in AZUL. Schonfeld Strategic Advisors LLC acquired a new position in Azul during the 3rd quarter worth $2,558,000. Cubist Systematic Strategies LLC boosted its position in Azul by 608.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 175,310 shares of the company’s stock worth $2,307,000 after acquiring an additional 150,564 shares during the period. Goldman Sachs Group Inc. boosted its position in Azul by 51.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 432,493 shares of the company’s stock worth $4,836,000 after acquiring an additional 146,354 shares during the period. TB Alternative Assets Ltd. boosted its position in Azul by 30.6% during the 3rd quarter. TB Alternative Assets Ltd. now owns 529,500 shares of the company’s stock worth $6,968,000 after acquiring an additional 124,100 shares during the period. Finally, Van ECK Associates Corp acquired a new position in Azul during the 3rd quarter worth $1,362,000. Institutional investors own 1.84% of the company’s stock.

The company has a market cap of $8.51 billion, a price-to-earnings ratio of -1.34 and a beta of 1.62. The stock has a 50-day simple moving average of $22.19 and a 200-day simple moving average of $15.69.

Azul (NYSE:AZUL) last announced its quarterly earnings data on Sunday, November 15th. The company reported ($0.37) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.05) by $0.68. The firm had revenue of $149.85 million during the quarter, compared to analyst estimates of $165.00 million. Equities analysts forecast that Azul S.A. will post -6.99 earnings per share for the current fiscal year.

Azul Company Profile (NYSE:AZUL)

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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