Azul S.A. (NYSE:AZUL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Azul S.A. (NYSE:AZUL) have been given an average rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.40.

A number of equities analysts have weighed in on AZUL shares. The Goldman Sachs Group decreased their target price on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seaport Res Ptn raised Azul from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 16th.

Institutional Trading of Azul

A number of institutional investors and hedge funds have recently modified their holdings of AZUL. Creative Planning bought a new stake in Azul in the 3rd quarter worth about $35,000. Ground Swell Capital LLC bought a new stake in shares of Azul in the third quarter worth approximately $44,000. Sanctuary Advisors LLC purchased a new position in shares of Azul during the second quarter valued at approximately $51,000. Inspire Advisors LLC lifted its position in Azul by 84.0% during the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock valued at $142,000 after purchasing an additional 18,861 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Azul by 58.9% in the third 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. Institutional investors own 0.82% of the company’s stock.

Azul Price Performance

Shares of Azul stock opened at $2.32 on Friday. Azul has a 1 year low of $1.57 and a 1 year high of $8.73. The firm has a market cap of $975.94 million, a price-to-earnings ratio of -0.33 and a beta of 1.95. The company has a 50-day moving average of $2.13 and a 200 day moving average of $2.98.

About Azul

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.