Goldman Sachs Reports Initiation of Azul S.A (AZUL)

July 16, 2018 - By Matthew Richard

How Goldman Sachs Currently Rates Azul S.A (AZUL)

Goldman Sachs issued Buy rating on Azul S.A (AZUL). The firm has begun coverage on shares of AZUL in a note sent to investors on Monday, 16 July.

Azul S.A. (NYSE:AZUL) Ratings Coverage

Among 2 analysts covering Azul SA (AZUL), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Azul SA has $38.0 highest and $30 lowest target. $34’s average target is 91.55% above currents $17.75 stock price. Azul SA had 3 analyst reports since February 16, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, March 9 by Buckingham Research. On Wednesday, June 13 the stock rating was maintained by Buckingham Research with “Buy”. UBS initiated Azul S.A. (NYSE:AZUL) rating on Friday, February 16. UBS has “Buy” rating and $38.0 target.

The stock increased 3.92% or $0.67 during the last trading session, reaching $17.75. About 835,680 shares traded. Azul S.A. (AZUL) has risen 0.13% since July 16, 2017 and is uptrending. It has underperformed by 12.44% the S&P500.

Analysts await Azul S.A. (NYSE:AZUL) to report earnings on August, 13. They expect $-0.22 EPS, down 120.00 % or $0.12 from last year’s $-0.1 per share. After $0.57 actual EPS reported by Azul S.A. for the previous quarter, Wall Street now forecasts -138.60 % negative EPS growth.

Azul S.A. operates as an airline company in Brazil. The company has market cap of $1.98 billion. It provides passenger and cargo air transportation services. It has a 10.94 P/E ratio. As of September 30, 2017, the firm operated 755 daily flights to 104 destinations through a network of 197 non-stop routes with a fleet of 118 aircraft.

More important recent Azul S.A. (NYSE:AZUL) news were published by: Prnewswire.com which released: “Azul Reports June Traffic” on July 10, 2018, also Seekingalpha.com published article titled: “Azul’s June Traffic Report: Adding Fuel To Fire”, Streetinsider.com published: “Goldman Sachs Starts Azul SA (AZUL) at Buy” on July 16, 2018. More interesting news about Azul S.A. (NYSE:AZUL) was released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: American Tower, Darden Restaurants, FedEx, Hasbro, Parker-Hannifin, Wells …” with publication date: July 16, 2018.

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