Azul S.A. (NYSE:AZUL) Receives $11.86 Consensus Target Price from Analysts

Azul S.A. (NYSE:AZUL) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.86.

A number of analysts recently commented on AZUL shares. Barclays dropped their price target on Azul from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 15th. Bank of America reissued an “underperform” rating and issued a $9.50 target price (down from $18.00) on shares of Azul in a research report on Thursday, April 18th. Finally, Raymond James reissued an “outperform” rating and issued a $12.00 target price (down from $13.00) on shares of Azul in a research report on Monday, April 15th.

Azul Stock Down 1.3 %

AZUL stock opened at $5.69 on Tuesday. Azul has a twelve month low of $5.16 and a twelve month high of $13.86. The stock’s 50 day moving average is $6.81 and its 200-day moving average is $8.10. The firm has a market capitalization of $2.40 billion, a PE ratio of -2.33 and a beta of 1.94.

Azul (NYSE:AZUL) last posted its earnings results on Thursday, March 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.25). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts anticipate that Azul will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Azul

Several hedge funds have recently made changes to their positions in the stock. U S Global Investors Inc. grew its position in shares of Azul by 10.4% in the first quarter. U S Global Investors Inc. now owns 874,798 shares of the company’s stock valued at $6,797,000 after purchasing an additional 82,077 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Azul during the third quarter valued at $4,999,000. Canada Pension Plan Investment Board bought a new stake in Azul during the third quarter valued at $4,712,000. Landscape Capital Management L.L.C. boosted its stake in Azul by 151.3% during the third quarter. Landscape Capital Management L.L.C. now owns 146,654 shares of the company’s stock valued at $1,260,000 after buying an additional 88,286 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Azul by 4.1% during the third quarter. Van ECK Associates Corp now owns 76,731 shares of the company’s stock valued at $659,000 after buying an additional 3,005 shares during the period. 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.