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

Azul S.A. (NYSE:AZUL) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $6.59.

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. HSBC downgraded shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective on the stock. in a report on Thursday, September 5th. The Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $6.70 to $4.00 in a report on Monday, September 23rd. Barclays lowered their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. lowered Azul from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 10th.

Hedge Funds Weigh In On Azul

A number of hedge funds have recently made changes to their positions in AZUL. Sanctuary Advisors LLC purchased a new stake in Azul during the second quarter worth about $51,000. SPX Gestao de Recursos Ltda grew its holdings in shares of Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after purchasing an additional 290,465 shares in the last quarter. Long Focus Capital Management LLC increased its stake in Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after buying an additional 2,295,000 shares during the period. Marshall Wace LLP lifted its holdings in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares in the last quarter. Finally, Inspire Advisors LLC lifted its holdings in Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after buying an additional 3,764 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Azul Stock Up 6.6 %

Shares of AZUL opened at $3.25 on Monday. The company has a 50 day moving average of $3.53 and a two-hundred day moving average of $5.12. Azul has a twelve month low of $2.02 and a twelve month high of $11.26. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -1.33 and a beta of 1.97.

Azul (NYSE:AZUL) last issued its quarterly earnings results on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The business had revenue of $800.65 million during the quarter, compared to analyst estimates of $791.43 million. During the same period in the previous year, the company posted ($0.81) earnings per share. On average, sell-side analysts expect that Azul will post -1.39 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.