Will New Ratings Coverage by Goldman Sachs Help Azul (AZUL) Stock This Week?

July 16, 2018 - By Megan Stone

Why Has Goldman Sachs Given Azul (AZUL) a $33.4 Price Target

Equity research analysts at Goldman Sachs initiated coverage on Azul (AZUL) with a key “Buy” rating. The target for AZUL is exactly $33.4. It gives a possible upside of 87.32 % from firm’s last price.

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 90.69% above currents $17.83 stock price. Azul SA had 3 analyst reports since February 16, 2018 according to SRatingsIntel. As per Wednesday, June 13, the company rating was maintained by Buckingham Research. On Friday, March 9 the stock rating was maintained by Buckingham Research with “Buy”. As per Friday, February 16, the company rating was initiated by UBS.

The stock increased 4.39% or $0.75 during the last trading session, reaching $17.83. About 915,666 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 earnings per share, down 120.00 % or $0.12 from last year’s $-0.1 per share. After $0.57 actual earnings per share 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 $1.99 billion. It provides passenger and cargo air transportation services. It has a 10.99 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: Seekingalpha.com which released: “Azul’s June Traffic Report: Adding Fuel To Fire” on July 10, 2018, also 247Wallst.com published article titled: “Top Analyst Upgrades and Downgrades: American Tower, Darden Restaurants, FedEx, Hasbro, Parker-Hannifin, Wells …”, Prnewswire.com published: “Azul Reports June Traffic” on July 10, 2018. More interesting news about Azul S.A. (NYSE:AZUL) was released by: Streetinsider.com and their article: “Goldman Sachs Starts Azul SA (AZUL) at Buy” with publication date: July 16, 2018.

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