Azul S.A. (NYSE:AZUL) Given Average Recommendation of "Hold" by Brokerages

Azul S.A. (NYSE:AZUL - Get Free Report) has earned an average rating of "Hold" from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.59.

A number of brokerages have commented on AZUL. Seaport Res Ptn cut shares of Azul from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Azul from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Hsbc Global Res raised shares of Azul to a "hold" rating in a research report on Thursday, September 5th. The Goldman Sachs Group downgraded shares of Azul from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $6.70 to $4.00 in a report on Monday, September 23rd. Finally, HSBC cut shares of Azul from a "buy" rating to a "hold" rating and set a $2.70 price objective on the stock. in a research report on Thursday, September 5th.

Azul Stock Performance

NYSE AZUL traded down $0.03 during trading on Tuesday, reaching $2.64. 423,414 shares of the company traded hands, compared to its average volume of 1,962,114. The stock's 50 day moving average price is $2.94 and its two-hundred day moving average price is $4.16. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -0.28 and a beta of 1.99. Azul has a 1-year low of $2.02 and a 1-year high of $11.26.

Azul (NYSE:AZUL - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.63). The firm had revenue of $800.65 million for the quarter, compared to the consensus estimate of $791.43 million. During the same period last year, the firm posted ($0.81) EPS. Equities research analysts expect that Azul will post -1.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP grew its holdings in Azul by 310.0% during the 1st quarter. Quantbot Technologies LP now owns 31,813 shares of the company's stock worth $247,000 after acquiring an additional 24,054 shares in the last quarter. Inspire Advisors LLC boosted its holdings in shares of Azul by 19.4% in the 1st quarter. Inspire Advisors LLC now owns 18,699 shares of the company's stock valued at $145,000 after buying an additional 3,042 shares in the last quarter. Coronation Fund Managers Ltd. boosted its holdings in shares of Azul by 9.5% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company's stock valued at $109,000 after buying an additional 2,380 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Azul by 35.9% in the 2nd 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. Finally, Marshall Wace LLP boosted its stake in Azul by 2,466.5% in the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company's stock worth $2,395,000 after purchasing an additional 575,344 shares in the last quarter. 0.82% of the stock is currently owned by institutional investors.

About Azul

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.