Azul S.A. (NYSE:AZUL) Receives Consensus Rating of “Hold” from Brokerages

Azul S.A. (NYSE:AZUL) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.59.

A number of equities analysts have recently weighed in on AZUL shares. Deutsche Bank Aktiengesellschaft lowered their target price on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Barclays lowered their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Hsbc Global Res upgraded Azul to a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $6.70 to $4.00 in a research note on Monday, September 23rd. Finally, Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th.

Hedge Funds Weigh In On Azul

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning purchased a new position in shares of Azul in the 3rd quarter worth approximately $35,000. Signaturefd LLC raised its holdings in Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after acquiring an additional 2,812 shares during the period. Ground Swell Capital LLC bought a new stake in Azul during the 3rd quarter valued at $44,000. Sanctuary Advisors LLC bought a new stake in Azul during the 2nd quarter valued at $51,000. Finally, Inspire Advisors LLC raised its holdings in Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after acquiring an additional 3,764 shares during the period. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Price Performance

AZUL stock opened at $2.66 on Tuesday. The stock has a market capitalization of $1.12 billion, a P/E ratio of -0.28 and a beta of 1.99. The business has a 50-day moving average of $2.94 and a 200-day moving average of $4.16. Azul has a fifty-two week low of $2.02 and a fifty-two week high of $11.26.

Azul (NYSE:AZUL) last issued its quarterly earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The company had revenue of $800.65 million during the quarter, compared to analysts’ expectations of $791.43 million. During the same period in the previous year, the business earned ($0.81) earnings per share. Equities analysts expect that Azul will post -1.75 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.