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

Shares of Azul S.A. (NYSE:AZUL) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.36.

A number of research firms have weighed in on AZUL. The Goldman Sachs Group reduced their target price on Azul from $2.70 to $2.40 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Raymond James decreased their target price on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th.

Azul Price Performance

Shares of AZUL stock opened at $1.53 on Friday. Azul has a 1 year low of $1.37 and a 1 year high of $6.64. The stock’s 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $2.23. The company has a market cap of $642.90 million, a PE ratio of -0.21 and a beta of 1.59.

Hedge Funds Weigh In On Azul

Several large investors have recently added to or reduced their stakes in the business. Inspire Advisors LLC lifted its stake in shares of Azul by 16.6% in the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock valued at $80,000 after purchasing an additional 6,844 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Azul by 16.3% during the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock valued at $106,000 after buying an additional 8,899 shares during the last quarter. Two Sigma Securities LLC increased its position in shares of Azul by 44.6% in the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock worth $49,000 after purchasing an additional 9,038 shares during the last quarter. Trellis Wealth Advisors LLC acquired a new stake in Azul during the fourth quarter valued at approximately $32,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Azul during the fourth quarter worth $42,000. 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.