Azul S.A. (NYSE:AZUL – Get Rating) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.22.
Several brokerages have recently issued reports on AZUL. Raymond James reduced their target price on shares of Azul from $22.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. Barclays lowered shares of Azul from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $17.00 to $7.00 in a research note on Wednesday, July 6th. The Goldman Sachs Group raised their target price on shares of Azul from $9.90 to $11.10 and gave the company a “neutral” rating in a research note on Monday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Azul from $18.00 to $11.00 in a research note on Tuesday, July 19th.
Azul Price Performance
AZUL opened at $10.16 on Friday. Azul has a one year low of $6.13 and a one year high of $22.00. The company’s 50 day simple moving average is $8.73 and its 200-day simple moving average is $10.70. The stock has a market capitalization of $4.28 billion, a P/E ratio of -2.47 and a beta of 1.15.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of AZUL. Oaktree Capital Management LP boosted its stake in Azul by 33.1% during the 4th quarter. Oaktree Capital Management LP now owns 2,794,724 shares of the company’s stock worth $36,890,000 after acquiring an additional 695,200 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in Azul by 255.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 967,203 shares of the company’s stock worth $12,768,000 after buying an additional 694,926 shares during the period. Millennium Management LLC raised its holdings in Azul by 269.5% during the 2nd quarter. Millennium Management LLC now owns 817,199 shares of the company’s stock worth $5,802,000 after buying an additional 596,022 shares during the period. Renaissance Technologies LLC acquired a new stake in Azul during the 4th quarter worth approximately $6,225,000. Finally, Long Focus Capital Management LLC acquired a new stake in Azul during the 4th quarter worth approximately $5,610,000. Institutional investors own 2.08% of the company’s stock.
Azul Company Profile
Azul SA, together with its subsidiaries, provides passenger and cargo transportation services in Brazil. As of December 31, 2021, the company operated 850 daily departures to 125 destinations through a network of 259 non-stop routes with a fleet of 179 aircraft. It is also involved in the loyalty programs, travel packages, investment fund, logistics solutions, and aircraft financing activities.
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