Azul S.A. (NYSE:AZUL) Receives Consensus Rating of "Hold" from Analysts

Azul S.A. (NYSE:AZUL - Get Free Report) has been given a consensus rating of "Hold" by the ten brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.40.

A number of research analysts have recently commented on AZUL shares. The Goldman Sachs Group lowered their price objective on Azul from $3.10 to $2.70 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Seaport Res Ptn raised Azul from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 16th.

Azul Stock Performance

Shares of NYSE AZUL traded down $0.04 during mid-day trading on Friday, reaching $2.32. 575,550 shares of the company traded hands, compared to its average volume of 1,096,071. The stock has a market cap of $975.93 million, a PE ratio of -0.33 and a beta of 1.95. The company's fifty day moving average is $2.13 and its two-hundred day moving average is $2.98. Azul has a fifty-two week low of $1.57 and a fifty-two week high of $8.73.

Hedge Funds Weigh In On Azul

Large investors have recently bought and sold shares of the stock. Creative Planning acquired a new position in Azul during the 3rd quarter valued at $35,000. Ground Swell Capital LLC acquired a new position in Azul during the 3rd quarter valued at $44,000. Sanctuary Advisors LLC acquired a new position in Azul during the 2nd quarter valued at $51,000. Inspire Advisors LLC raised its stake in Azul by 84.0% during the 3rd quarter. Inspire Advisors LLC now owns 41,324 shares of the company's stock valued at $142,000 after purchasing an additional 18,861 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Azul in the 3rd quarter valued at $306,000. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.