Azul S.A. (NYSE:AZUL) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Azul S.A. (NYSE:AZUL - Get Free Report) have received a consensus rating of "Hold" from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.46.

A number of research firms recently weighed in on AZUL. Hsbc Global Res raised Azul to a "hold" rating in a research report on Thursday, September 5th. HSBC lowered Azul from a "buy" rating to a "hold" rating and set a $2.70 price objective on the stock. in a report on Thursday, September 5th. The Goldman Sachs Group cut their target price on Azul from $3.60 to $3.10 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Finally, Seaport Res Ptn downgraded shares of Azul from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th.

Azul Stock Performance

Shares of NYSE:AZUL traded down $0.01 on Wednesday, hitting $1.67. 574,509 shares of the company were exchanged, compared to its average volume of 1,914,281. The company's 50 day moving average price is $2.36 and its two-hundred day moving average price is $3.25. The firm has a market capitalization of $704.02 million, a price-to-earnings ratio of -0.24 and a beta of 1.92. Azul has a one year low of $1.57 and a one year high of $9.44.

Hedge Funds Weigh In On Azul

Institutional investors have recently added to or reduced their stakes in the company. Long Focus Capital Management LLC raised its position in Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company's stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company's stock valued at $2,395,000 after buying an additional 575,344 shares during the last quarter. SPX Gestao de Recursos Ltda raised its holdings in shares of Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company's stock valued at $1,170,000 after buying an additional 290,465 shares during the last quarter. XTX Topco Ltd acquired a new position in Azul during the 3rd quarter worth about $614,000. Finally, Centiva Capital LP grew its holdings in Azul by 205.3% during the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company's stock worth $692,000 after acquiring an additional 135,365 shares during the last quarter. 0.82% of the stock is owned by 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.