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

Shares of Azul S.A. (NYSE:AZUL) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $8.23.

Several research analysts have commented on the company. JPMorgan Chase & Co. lowered Azul from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their price target on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Barclays cut their price target 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. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research report on Thursday, September 5th. Finally, Hsbc Global Res raised Azul to a “hold” rating in a research report on Thursday, September 5th.

Institutional Trading of Azul

A number of institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in shares of Azul in the second quarter valued at approximately $51,000. SPX Gestao de Recursos Ltda boosted its stake 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 buying an additional 290,465 shares in the last quarter. Long Focus Capital Management LLC boosted its stake in shares of Azul by 106.3% in the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after buying an additional 2,295,000 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after buying an additional 575,344 shares in the last quarter. Finally, Inspire Advisors LLC boosted its stake in shares of Azul by 20.1% in the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after buying an additional 3,764 shares in the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

Azul Stock Performance

Shares of NYSE AZUL opened at $2.90 on Monday. Azul has a fifty-two week low of $2.02 and a fifty-two week high of $11.26. The firm has a market capitalization of $1.22 billion, a PE ratio of -1.19 and a beta of 1.97. The stock’s 50-day simple moving average is $3.70 and its 200-day simple moving average is $5.24.

Azul (NYSE:AZUL) last issued its 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 firm had revenue of $800.65 million during the quarter, compared to analyst estimates of $791.43 million. During the same quarter in the previous year, the business earned ($0.81) earnings per share. On average, sell-side analysts forecast that Azul will post -1.39 earnings per share for the current fiscal year.

About Azul

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.