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

Shares of Azul S.A. (NYSE:AZUL) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. One 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. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.46.

A number of research analysts have recently issued reports on AZUL shares. Seaport Res Ptn downgraded shares of Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lowered their target price on shares of Azul from $3.60 to $3.10 and set a “neutral” rating for the company in a research note on Thursday, December 19th.

Azul Price Performance

Shares of AZUL opened at $1.81 on Wednesday. The business has a 50-day moving average of $2.32 and a 200-day moving average of $3.19. The company has a market capitalization of $763.04 million, a price-to-earnings ratio of -0.25 and a beta of 1.95. Azul has a 1 year low of $1.57 and a 1 year high of $9.27.

Hedge Funds Weigh In On Azul

A number of institutional investors and hedge funds have recently made changes to their positions in AZUL. SPX Gestao de Recursos Ltda raised its stake in Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after buying an additional 290,465 shares during the period. Jane Street Group LLC increased its holdings in shares of Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after acquiring an additional 75,291 shares in the last quarter. Long Focus Capital Management LLC raised its position in shares of Azul by 106.3% during the second 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. Marshall Wace LLP lifted its holdings 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 worth $2,395,000 after purchasing an additional 575,344 shares in the last quarter. Finally, Creative Planning acquired a new stake in Azul in the 3rd quarter valued at $35,000. Institutional investors own 0.82% of the company’s stock.

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.