Shares of Azul S.A. (NYSE:AZUL – Get Free Report) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $6.59.
AZUL has been the subject of several recent research reports. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. Barclays reduced their price target on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Seaport Res Ptn downgraded shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. downgraded shares of Azul from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 10th.
Read Our Latest Report on Azul
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Azul Stock Performance
NYSE AZUL opened at $3.25 on Friday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -1.33 and a beta of 1.98. The business has a 50 day simple moving average of $3.27 and a 200 day simple moving average of $4.65. Azul has a 52-week low of $2.02 and a 52-week high of $11.26.
Azul (NYSE:AZUL – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The firm had revenue of $800.65 million for the quarter, compared to the consensus estimate of $791.43 million. During the same period last year, the company earned ($0.81) earnings per share. On average, analysts predict that Azul will post -1.73 EPS for the current year.
Azul Company Profile
Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.
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