Azul (NYSE:AZUL) Shares Down 4% – Time to Sell?

Shares of Azul S.A. (NYSE:AZUL) were down 4% during mid-day trading on Friday . The company traded as low as $3.12 and last traded at $3.12. 324,801 shares were traded during mid-day trading, a decline of 84% from the average session volume of 2,010,811 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AZUL. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 target price on the stock. in a report on Thursday, September 5th. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $6.70 to $4.00 in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Barclays decreased their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. cut shares of Azul from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Azul has a consensus rating of “Hold” and a consensus price target of $6.59.

Azul Trading Down 4.3 %

The company has a market cap of $1.31 billion, a P/E ratio of -1.33 and a beta of 1.98. The firm’s 50 day moving average price is $3.27 and its 200-day moving average price is $4.65.

Azul (NYSE:AZUL) last released its earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The business had revenue of $800.65 million during the quarter, compared to analysts’ expectations of $791.43 million. During the same quarter last year, the firm earned ($0.81) EPS. Analysts predict that Azul S.A. will post -1.73 earnings per share for the current fiscal year.

Institutional Trading of Azul

Several large investors have recently bought and sold shares of the business. Coronation Fund Managers Ltd. boosted its holdings in shares of Azul by 9.5% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock valued at $109,000 after acquiring an additional 2,380 shares in the last quarter. Signaturefd LLC increased its position 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 period. Inspire Advisors LLC raised its stake in shares of Azul by 19.4% during the first quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock valued at $145,000 after acquiring an additional 3,042 shares during the last quarter. Creative Planning bought a new stake in shares of Azul in the third quarter worth $35,000. Finally, Sanctuary Advisors LLC acquired a new position in Azul during the 2nd quarter worth about $51,000. 0.82% of the stock is owned by institutional investors and hedge funds.

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.