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

Azul S.A. (NYSE:AZUL) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.59.

A number of equities research analysts recently commented on AZUL shares. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price target for the company. in a research report on Thursday, September 5th. 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. The Goldman Sachs Group cut 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. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, 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.

Azul Stock Performance

Azul stock opened at $2.89 on Friday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -1.18 and a beta of 1.98. Azul has a 52-week low of $2.02 and a 52-week high of $11.26. The stock’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $4.49.

Azul (NYSE:AZUL) last issued its earnings results 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 company had revenue of $800.65 million during the quarter, compared to the consensus estimate of $791.43 million. During the same quarter in the prior year, the company posted ($0.81) EPS. On average, equities research analysts forecast that Azul will post -1.73 EPS for the current year.

Institutional Trading of Azul

Several hedge funds and other institutional investors have recently bought and sold shares of AZUL. Coronation Fund Managers Ltd. lifted its position in Azul by 9.5% in the second quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock valued at $109,000 after purchasing an additional 2,380 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after acquiring an additional 2,812 shares in the last quarter. Inspire Advisors LLC raised its holdings in shares of Azul by 19.4% during the first quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock valued at $145,000 after acquiring an additional 3,042 shares in the last quarter. Creative Planning bought a new position in shares of Azul during the third quarter valued at approximately $35,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Azul during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 0.82% of the company’s stock.

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.