Azul Sees Unusually High Options Volume (NYSE:AZUL)

Azul S.A. (NYSE:AZULGet Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 3,530 put options on the stock. This is an increase of 345% compared to the typical daily volume of 794 put options.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AZUL shares. Bank of America reiterated an “underperform” rating and issued a $9.50 price target (down from $18.00) on shares of Azul in a research note on Thursday, April 18th. Morgan Stanley initiated coverage on Azul in a research note on Friday, May 24th. They set an “equal weight” rating and a $7.40 price target on the stock. Raymond James reaffirmed an “outperform” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Azul in a research note on Monday, April 15th. Finally, Barclays cut their target price on shares of Azul from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.12.

Check Out Our Latest Stock Analysis on Azul

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AZUL. Schonfeld Strategic Advisors LLC bought a new position in Azul in the third quarter worth approximately $4,999,000. Canada Pension Plan Investment Board purchased a new stake in shares of Azul in the third quarter worth approximately $4,712,000. U S Global Investors Inc. boosted its position in shares of Azul by 10.4% during the first quarter. U S Global Investors Inc. now owns 874,798 shares of the company’s stock valued at $6,797,000 after buying an additional 82,077 shares during the last quarter. Quantbot Technologies LP raised its position in Azul by 310.0% in the 1st quarter. Quantbot Technologies LP now owns 31,813 shares of the company’s stock valued at $247,000 after buying an additional 24,054 shares during the last quarter. Finally, AXQ Capital LP bought a new position in shares of Azul during the third quarter valued at about $205,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Stock Up 3.4 %

Shares of NYSE AZUL opened at $5.50 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of -2.22 and a beta of 2.05. The firm has a fifty day simple moving average of $6.30 and a 200 day simple moving average of $7.84. Azul has a twelve month low of $5.15 and a twelve month high of $13.86.

Azul (NYSE:AZULGet Free Report) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.04). The firm had revenue of $945.00 million during the quarter, compared to the consensus estimate of $968.17 million. As a group, equities analysts expect that Azul will post -0.93 earnings per share for the current fiscal year.

Azul Company Profile

(Get Free Report)

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.

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