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

Azul S.A. (NYSE:AZUL - Get Free Report) has been assigned an average recommendation of "Hold" from the ten ratings firms that are presently covering the company, MarketBeat.com 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 target price among brokerages that have issued a report on the stock in the last year is $6.59.

A number of equities analysts have issued reports on AZUL shares. Seaport Res Ptn downgraded Azul from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. Barclays decreased their target price on Azul from $10.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Hsbc Global Res upgraded Azul to a "hold" rating in a research report on Thursday, September 5th. The Goldman Sachs Group downgraded Azul from a "buy" rating to a "neutral" rating and decreased their target price for the company from $6.70 to $4.00 in a research report on Monday, September 23rd. Finally, HSBC downgraded Azul from a "buy" rating to a "hold" rating and set a $2.70 target price on the stock. in a research report on Thursday, September 5th.

Hedge Funds Weigh In On Azul

A number of institutional investors have recently added to or reduced their stakes in the stock. Inspire Advisors LLC lifted its position in Azul by 84.0% during the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company's stock worth $142,000 after buying an additional 18,861 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Azul in the third quarter valued at $306,000. Creative Planning purchased a new stake in Azul in the third quarter valued at $35,000. Perpetual Ltd raised its position in Azul by 4.5% in the third quarter. Perpetual Ltd now owns 2,354,953 shares of the company's stock valued at $8,101,000 after purchasing an additional 100,639 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Azul in the second quarter valued at $51,000. Hedge funds and other institutional investors own 0.82% of the company's stock.

Azul Price Performance

AZUL stock traded down $0.12 during mid-day trading on Friday, reaching $3.13. 783,811 shares of the company's stock were exchanged, compared to its average volume of 2,013,095. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -1.28 and a beta of 1.98. The stock's 50 day moving average is $3.25 and its 200 day moving average is $4.62. Azul has a 12-month low of $2.02 and a 12-month high of $11.26.

Azul (NYSE:AZUL - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.63). The business had revenue of $800.65 million during the quarter, compared to the consensus estimate of $791.43 million. During the same quarter in the prior year, the company earned ($0.81) EPS. On average, research analysts forecast that Azul will post -1.73 earnings per share for the current fiscal year.

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.