Brokerages Set Azul S.A. (NYSE:AZUL) Target Price at $6.59

Azul S.A. (NYSE:AZUL) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $6.59.

Several research firms have issued reports on AZUL. Hsbc Global Res raised shares of Azul to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group lowered shares of Azul from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $6.70 to $4.00 in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. HSBC lowered shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a research note on Thursday, September 5th. Finally, Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th.

Institutional Trading of Azul

Several large investors have recently made changes to their positions in AZUL. Creative Planning purchased a new stake in shares of Azul in the 3rd quarter valued at $35,000. Signaturefd LLC boosted its holdings 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 acquiring an additional 2,812 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in Azul during the third quarter worth $44,000. Sanctuary Advisors LLC purchased a new stake in Azul during the second quarter worth $51,000. Finally, Inspire Advisors LLC boosted its holdings in 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 buying an additional 3,764 shares in the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

Azul Price Performance

Azul stock opened at $2.78 on Tuesday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -0.29 and a beta of 1.99. Azul has a 1 year low of $2.02 and a 1 year high of $11.26. The firm has a 50-day moving average of $2.95 and a two-hundred day moving average of $4.12.

Azul (NYSE:AZUL) last released its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The business had revenue of $800.65 million for the quarter, compared to the consensus estimate of $791.43 million. During the same period last year, the business posted ($0.81) earnings per share. Research analysts expect that Azul will post -1.75 earnings per share for the current 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.