Shares of Azul SA (NYSE:AZUL) saw unusually-strong trading volume on Wednesday . Approximately 875,000 shares were traded during mid-day trading, an increase of 56% from the previous session’s volume of 561,794 shares.The stock last traded at $36.39 and had previously closed at $35.08.

A number of analysts have recently weighed in on the company. Barclays set a $46.00 price objective on Azul and gave the company a “hold” rating in a research note on Monday, August 12th. Deutsche Bank raised their target price on shares of Azul from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Buckingham Research downgraded shares of Azul from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $53.00 to $39.00 in a research note on Tuesday, August 13th. UBS Group lowered shares of Azul from a “neutral” rating to a “sell” rating in a report on Tuesday, June 18th. Finally, ValuEngine cut shares of Azul from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Azul has an average rating of “Hold” and a consensus price target of $39.51.

The company has a market cap of $11.27 billion, a PE ratio of 22.89 and a beta of -0.53. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $37.76 and a 200-day moving average of $32.46.

Azul (NYSE:AZUL) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.69. Azul had a return on equity of 38.51% and a net margin of 7.28%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the company posted $0.55 EPS. Azul’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, research analysts predict that Azul SA will post 2.2 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in shares of Azul by 63.6% during the second quarter. Daiwa Securities Group Inc. now owns 900 shares of the company’s stock valued at $30,000 after buying an additional 350 shares during the period. NumerixS Investment Technologies Inc bought a new stake in Azul during the 2nd quarter valued at approximately $33,000. Quantamental Technologies LLC boosted its position in Azul by 237.7% during the 1st quarter. Quantamental Technologies LLC now owns 1,013 shares of the company’s stock valued at $30,000 after acquiring an additional 713 shares in the last quarter. Northern Trust Corp bought a new stake in Azul during the 2nd quarter valued at approximately $216,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Azul during the 1st quarter worth approximately $227,000. 6.29% of the stock is currently owned by hedge funds and other institutional investors.

Azul Company Profile (NYSE:AZUL)

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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