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

Shares of Azul S.A. (NYSE:AZUL) have earned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.46.

Several brokerages recently issued reports on AZUL. The Goldman Sachs Group cut their target price on Azul from $3.60 to $3.10 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Seaport Res Ptn downgraded shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th.

Hedge Funds Weigh In On Azul

A number of hedge funds and other institutional investors have recently made changes to their positions in AZUL. SPX Gestao de Recursos Ltda raised its position in Azul by 13,831.7% in the second 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. Jane Street Group LLC increased its stake in shares of Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after purchasing an additional 75,291 shares during the last quarter. Long Focus Capital Management LLC raised its holdings in shares of Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after purchasing an additional 2,295,000 shares during the period. Marshall Wace LLP lifted its stake in 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 purchasing an additional 575,344 shares during the last quarter. Finally, Creative Planning bought a new position in Azul during the third quarter valued at $35,000. 0.82% of the stock is owned by hedge funds and other institutional investors.

Azul Stock Performance

AZUL stock opened at $1.81 on Wednesday. The company has a market capitalization of $763.04 million, a P/E ratio of -0.25 and a beta of 1.95. Azul has a 52-week low of $1.57 and a 52-week high of $9.27. The business has a 50-day simple moving average of $2.32 and a two-hundred day simple moving average of $3.19.

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.