Azul (NYSE:AZUL) Sees Strong Trading Volume
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.
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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