Seaport Res Ptn Brokers Increase Earnings Estimates for Azul

Azul S.A. (NYSE:AZUL - Free Report) - Investment analysts at Seaport Res Ptn raised their FY2024 earnings per share estimates for shares of Azul in a research note issued on Wednesday, December 4th. Seaport Res Ptn analyst D. Mckenzie now expects that the company will earn ($1.32) per share for the year, up from their prior estimate of ($1.66). Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Azul's current full-year earnings is ($1.63) per share. Seaport Res Ptn also issued estimates for Azul's Q4 2024 earnings at $0.12 EPS, FY2025 earnings at $0.32 EPS and FY2026 earnings at $0.70 EPS.

Several other brokerages have also commented on AZUL. Barclays cut 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 raised Azul to a "hold" rating in a research note on Thursday, September 5th. HSBC downgraded Azul from a "buy" rating to a "hold" rating and set a $2.70 price target for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group lowered Azul from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $6.70 to $4.00 in a report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Azul from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.59.

Azul Trading Down 0.5 %

AZUL traded down $0.01 on Monday, reaching $2.20. The stock had a trading volume of 1,977,546 shares, compared to its average volume of 1,949,141. Azul has a fifty-two week low of $2.02 and a fifty-two week high of $10.62. The firm has a 50-day moving average of $2.84 and a 200-day moving average of $3.66. The company has a market capitalization of $927.46 million, a price-to-earnings ratio of -0.31 and a beta of 1.92.

Hedge Funds Weigh In On Azul

A number of institutional investors have recently modified their holdings of AZUL. Coronation Fund Managers Ltd. boosted its holdings in Azul by 9.5% in the second quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company's stock valued at $109,000 after purchasing an additional 2,380 shares during the last quarter. Signaturefd LLC raised its holdings in 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 acquiring an additional 2,812 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company's stock valued at $90,000 after buying an additional 3,764 shares during the period. Marshall Wace LLP grew its stake in shares of Azul by 2,466.5% in the 2nd 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 period. Finally, Long Focus Capital Management LLC boosted its position in shares of Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company's stock worth $17,816,000 after purchasing an additional 2,295,000 shares during the period. 0.82% of the stock is owned by hedge funds and other 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.