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

Azul S.A. (NYSE:AZUL) has been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.40.

A number of brokerages recently weighed in on AZUL. Raymond James cut their price target on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group lowered their price objective on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.

Institutional Investors Weigh In On Azul

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP increased its position in shares of Azul by 17.1% during the fourth quarter. Two Sigma Investments LP now owns 191,019 shares of the company’s stock valued at $319,000 after buying an additional 27,949 shares during the period. Kapitalo Investimentos Ltda increased its position in shares of Azul by 505.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock valued at $900,000 after buying an additional 449,855 shares during the period. Two Sigma Securities LLC increased its position in shares of Azul by 44.6% during the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after buying an additional 9,038 shares during the period. Long Focus Capital Management LLC increased its position in shares of Azul by 18.0% during the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock valued at $9,908,000 after buying an additional 905,463 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Azul during the fourth quarter valued at about $87,000. 0.82% of the stock is currently owned by institutional investors.

Azul Stock Performance

Shares of NYSE:AZUL opened at $1.74 on Monday. The company’s 50-day moving average is $2.01 and its 200 day moving average is $2.37. The company has a market capitalization of $731.43 million, a P/E ratio of -0.24 and a beta of 1.98. Azul has a fifty-two week low of $1.57 and a fifty-two week high of $8.65.

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.