Seaport Res Ptn Downgrades Azul (NYSE:AZUL) to Hold

Azul (NYSE:AZUL) was downgraded by Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Azul’s Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.24) EPS and FY2027 earnings at $0.42 EPS.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Raymond James lowered their price objective on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.40.

Azul Stock Up 3.0 %

NYSE:AZUL opened at $1.88 on Wednesday. The stock has a fifty day simple moving average of $2.00 and a 200 day simple moving average of $2.60. The firm has a market capitalization of $790.44 million, a price-to-earnings ratio of -0.26 and a beta of 1.99. Azul has a 1-year low of $1.57 and a 1-year high of $8.73.

Institutional Investors Weigh In On Azul

Institutional investors have recently modified their holdings of the stock. Long Focus Capital Management LLC boosted its position in Azul by 18.0% during the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock valued at $9,908,000 after purchasing an additional 905,463 shares during the last quarter. Kapitalo Investimentos Ltda raised its stake in shares of Azul by 505.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after purchasing an additional 449,855 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Azul during the 3rd quarter valued at about $614,000. Centiva Capital LP grew its stake in shares of Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after buying an additional 135,365 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Azul in the 4th quarter valued at approximately $220,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

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.