Azul S.A. (NYSE:AZUL) Given Average Rating of “Hold” by Brokerages

Azul S.A. (NYSE:AZUL) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $6.59.

AZUL has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $6.70 to $4.00 in a report on Monday, September 23rd. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research note on Thursday, September 5th. Hsbc Global Res raised Azul to a “hold” rating in a research report on Thursday, September 5th. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Barclays lowered their target price on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, August 19th.

Institutional Investors Weigh In On Azul

A number of hedge funds have recently bought and sold shares of AZUL. Creative Planning purchased a new stake in shares of Azul during the 3rd quarter worth $35,000. Signaturefd LLC raised its stake in Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after buying an additional 2,812 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in Azul in the third quarter valued at $44,000. Sanctuary Advisors LLC purchased a new stake in Azul during the 2nd quarter worth about $51,000. Finally, Inspire Advisors LLC boosted its position in shares of Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after acquiring an additional 3,764 shares in the last quarter. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Price Performance

Azul stock opened at $2.27 on Friday. The firm has a 50 day simple moving average of $2.79 and a 200-day simple moving average of $3.62. The stock has a market cap of $954.86 million, a price-to-earnings ratio of -0.32 and a beta of 1.92. Azul has a 1-year low of $2.02 and a 1-year high of $10.62.

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.