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

Azul S.A. (NYSE:AZUL) – Stock analysts at Seaport Res Ptn lowered their Q4 2024 EPS estimates for Azul in a research report issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie now expects that the company will earn $0.05 per share for the quarter, down from their previous estimate 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.

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

Azul Stock Down 4.0 %

Shares of Azul stock opened at $2.67 on Friday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -0.28 and a beta of 1.99. Azul has a 52 week low of $2.02 and a 52 week high of $11.11. The company has a 50 day moving average price of $2.96 and a 200 day moving average price of $4.09.

Hedge Funds Weigh In On Azul

Several hedge funds have recently added to or reduced their stakes in the stock. Long Focus Capital Management LLC raised its position in Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. Marshall Wace LLP raised its stake in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after acquiring an additional 575,344 shares during the last quarter. SPX Gestao de Recursos Ltda grew its stake in shares of Azul by 13,831.7% in the 2nd 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 during the last quarter. XTX Topco Ltd acquired a new position in shares of Azul in the third quarter valued at approximately $614,000. Finally, Centiva Capital LP raised its stake in shares of Azul by 205.3% during the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after purchasing an additional 135,365 shares during the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

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.