Seaport Res Ptn Comments on Azul’s Q4 Earnings (NYSE:AZUL)

Azul S.A. (NYSE:AZUL) – Equities researchers at Seaport Res Ptn lowered their Q4 2024 earnings per share (EPS) estimates for Azul in a research report issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.06. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Azul’s current full-year earnings is ($1.75) per share.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $6.70 to $4.00 in a research report on Monday, September 23rd. HSBC lowered shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Hsbc Global Res raised shares of Azul to a “hold” rating in a research report on Thursday, September 5th. Finally, Barclays cut their price objective on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.59.

Azul Price Performance

AZUL stock opened at $2.67 on Friday. Azul has a 12 month low of $2.02 and a 12 month high of $11.11. The firm has a market capitalization of $1.13 billion, a PE ratio of -0.28 and a beta of 1.99. The company’s 50 day simple moving average is $2.96 and its 200-day simple moving average is $4.09.

Hedge Funds Weigh In On Azul

Several institutional investors have recently modified their holdings of AZUL. XTX Topco Ltd acquired a new stake in Azul in the third quarter worth approximately $614,000. Jane Street Group LLC increased its stake in Azul by 58.9% in the 3rd 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 in the last quarter. Centiva Capital LP boosted its holdings in shares of Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after buying an additional 135,365 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Azul in the third quarter worth approximately $44,000. Finally, Inspire Advisors LLC raised 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 acquiring an additional 18,861 shares during the period. 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.