Azul Target of Unusually Large Options Trading (AZUL)

Azul SA (NYSE:AZUL) was the target of some unusual options trading activity on Thursday. Stock traders purchased 1,568 call options on the stock. This represents an increase of approximately 1,325% compared to the average volume of 110 call options.

A number of research firms recently weighed in on AZUL. Goldman Sachs Group began coverage on shares of Azul in a report on Monday, July 16th. They issued a “buy” rating and a $33.40 target price on the stock. Buckingham Research lowered their target price on shares of Azul from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, June 13th. Finally, Zacks Investment Research upgraded shares of Azul from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.44.

A number of hedge funds have recently modified their holdings of AZUL. Fox Run Management L.L.C. bought a new position in shares of Azul during the 3rd quarter valued at approximately $396,000. Jane Street Group LLC bought a new position in shares of Azul during the 2nd quarter valued at approximately $266,000. Putnam Investments LLC bought a new position in shares of Azul during the 2nd quarter valued at approximately $2,491,000. Paloma Partners Management Co bought a new position in shares of Azul during the 2nd quarter valued at approximately $260,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Azul during the 2nd quarter valued at approximately $390,000. 6.77% of the stock is owned by institutional investors and hedge funds.

AZUL stock traded up $0.29 during trading on Friday, reaching $19.22. The stock had a trading volume of 948,258 shares, compared to its average volume of 772,646. Azul has a one year low of $15.53 and a one year high of $35.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.90 and a current ratio of 0.95. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 12.64 and a beta of 0.67.

Azul (NYSE:AZUL) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. Azul had a net margin of 8.24% and a return on equity of 24.66%. The business had revenue of $562.39 million during the quarter, compared to the consensus estimate of $585.84 million. On average, sell-side analysts forecast that Azul will post 1.12 EPS for the current fiscal year.

Azul Company Profile

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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