Azul S.A. (NYSE:AZUL) Given Average Rating of “Hold” by Brokerages

Shares of Azul S.A. (NYSE:AZUL) 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Long Focus Capital Management LLC lifted its stake in Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after buying an additional 575,344 shares during the last quarter. SPX Gestao de Recursos Ltda boosted its stake in shares of Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after acquiring an additional 290,465 shares during the period. Perpetual Ltd increased its holdings in shares of Azul by 4.5% during the 3rd quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after acquiring an additional 100,639 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Azul in the 3rd quarter valued at $306,000. Institutional investors own 0.82% of the company’s stock.

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) 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.