Azul S.A. (NYSE:AZUL) Receives $6.59 Consensus Target Price from Analysts

Azul S.A. (NYSE:AZUL) has earned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $6.59.

A number of equities research analysts recently issued reports on AZUL shares. HSBC cut shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and cut their target price for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. Barclays decreased 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. Deutsche Bank Aktiengesellschaft cut their price objective on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th.

Azul Price Performance

Shares of NYSE:AZUL opened at $2.20 on Friday. The stock has a market capitalization of $927.46 million, a price-to-earnings ratio of -0.31 and a beta of 1.92. The business’s fifty day moving average price is $2.84 and its two-hundred day moving average price is $3.66. Azul has a fifty-two week low of $2.02 and a fifty-two week high of $10.62.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in shares of Azul during the third quarter worth approximately $35,000. Signaturefd LLC lifted its stake in shares of Azul by 35.9% in the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after purchasing an additional 2,812 shares during the period. Ground Swell Capital LLC acquired a new position in shares of Azul in the 3rd quarter valued at $44,000. Sanctuary Advisors LLC bought a new position in shares of Azul in the 2nd quarter worth $51,000. Finally, Inspire Advisors LLC grew its stake in shares of Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after purchasing an additional 3,764 shares during the period. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.