Azul S.A. (NYSE:AZUL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Azul S.A. (NYSE:AZUL) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.26.

A number of equities research analysts recently issued reports on the company. Raymond James restated an “outperform” rating and issued a $12.00 price objective (down from $13.00) on shares of Azul in a research note on Monday, April 15th. Barclays lowered their price objective on Azul from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, April 1st. Finally, Bank of America restated an “underperform” rating and issued a $9.50 price objective (down from $18.00) on shares of Azul in a research note on Thursday, April 18th.

Azul Stock Performance

Shares of NYSE:AZUL opened at $5.38 on Friday. The company’s 50-day moving average is $7.37 and its 200 day moving average is $8.35. The company has a market capitalization of $2.27 billion, a P/E ratio of -5.78 and a beta of 1.85. Azul has a fifty-two week low of $5.16 and a fifty-two week high of $13.86.

Azul (NYSE:AZUL) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.25). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, research analysts predict that Azul will post -0.75 earnings per share for the current year.

Institutional Trading of Azul

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Azul by 66.7% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,000 shares of the company’s stock worth $42,000 after buying an additional 2,000 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new stake in shares of Azul during the third quarter valued at approximately $158,000. AXQ Capital LP purchased a new stake in shares of Azul during the third quarter valued at approximately $205,000. Aigen Investment Management LP purchased a new stake in shares of Azul during the fourth quarter valued at approximately $214,000. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of Azul during the third quarter valued at approximately $341,000. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Azul Company Profile

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.