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

Shares of Azul S.A. (NYSE:AZUL) have been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.59.

AZUL has been the topic of a number of recent research reports. Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Barclays cut 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. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and cut their target price for the stock from $6.70 to $4.00 in a research note on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft cut 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.

Institutional Trading of Azul

Several institutional investors and hedge funds have recently bought and sold shares of AZUL. Ground Swell Capital LLC purchased a new position in shares of Azul during the third quarter valued at approximately $44,000. Inspire Advisors LLC lifted its holdings in shares of 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 last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Azul during the third quarter valued at approximately $306,000. Creative Planning purchased a new position in shares of Azul during the third quarter valued at approximately $35,000. Finally, Perpetual Ltd lifted its holdings in shares of Azul by 4.5% during the third quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock valued at $8,101,000 after purchasing an additional 100,639 shares during the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

Azul Trading Down 0.7 %

Shares of NYSE:AZUL opened at $2.66 on Tuesday. The stock’s 50-day moving average price is $2.94 and its 200-day moving average price is $4.16. Azul has a 12-month low of $2.02 and a 12-month high of $11.26. The stock has a market capitalization of $1.12 billion, a P/E ratio of -0.28 and a beta of 1.99.

Azul (NYSE:AZUL) last announced its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.63). The firm had revenue of $800.65 million during the quarter, compared to analysts’ expectations of $791.43 million. During the same quarter in the prior year, the business earned ($0.81) earnings per share. As a group, research analysts predict 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.