Azul (NYSE:AZUL) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of Azul (NYSE:AZUL – Get Rating) from an underweight rating to an equal weight rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Morgan Stanley currently has $8.60 price target on the stock, up from their previous price target of $6.00.

Separately, The Goldman Sachs Group cut their price target on shares of Azul from $11.10 to $9.10 and set a neutral rating on the stock in a report on Tuesday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $9.54.

Azul Price Performance

Shares of NYSE:AZUL opened at $7.34 on Wednesday. The firm has a fifty day moving average of $6.12 and a two-hundred day moving average of $7.42. Azul has a 12-month low of $3.82 and a 12-month high of $16.89.

Azul (NYSE:AZUL – Get Rating) last issued its earnings results on Monday, March 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.57). The business had revenue of $846.31 million for the quarter, compared to the consensus estimate of $898.95 million. On average, equities analysts predict that Azul will post -0.63 EPS for the current year.

Institutional Trading of Azul

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG boosted its position in shares of Azul by 930.7% during the 2nd quarter. UBS Group AG now owns 3,628 shares of the company’s stock valued at $26,000 after acquiring an additional 3,276 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Azul by 140.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,190 shares of the company’s stock valued at $34,000 after acquiring an additional 2,447 shares in the last quarter. Signaturefd LLC boosted its position in shares of Azul by 231.0% during the 3rd quarter. Signaturefd LLC now owns 4,677 shares of the company’s stock valued at $38,000 after acquiring an additional 3,264 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Azul by 18.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,746 shares of the company’s stock valued at $69,000 after acquiring an additional 1,487 shares in the last quarter. Finally, Pasadena Private Wealth LLC acquired a new position in Azul in the fourth quarter valued at about $73,000. 2.43% of the stock is currently owned by institutional investors and hedge funds.

About Azul

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Azul SA is a holding company, which engages in the provision of airline passenger and cargo services. The firm’s service features include passenger seat selection, leather seats, individual entertainment screens with free live television at every seat in all E-Jets, extensive legroom with a pitch of 30 inches or more, complimentary beverage and snack services and free bus service to key airports.