Azul S.A. (NYSE:AZUL) Receives Consensus Recommendation of “Hold” from Brokerages

Azul S.A. (NYSE:AZUL) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $6.40.

AZUL has been the topic of several analyst reports. Seaport Res Ptn upgraded Azul from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group decreased their price target on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.

Hedge Funds Weigh In On Azul

A number of hedge funds and other institutional investors have recently made changes to their positions in AZUL. Marshall Wace LLP increased its position in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after purchasing an additional 575,344 shares during the period. SPX Gestao de Recursos Ltda increased its position in shares of Azul by 13,831.7% during the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after buying an additional 290,465 shares during the period. Sanctuary Advisors LLC bought a new position in Azul in the second quarter worth about $51,000. Perpetual Ltd lifted its holdings in Azul by 4.5% in the third quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after buying an additional 100,639 shares during the period. Finally, Creative Planning bought a new stake in Azul during the 3rd quarter valued at approximately $35,000. Institutional investors own 0.82% of the company’s stock.

Azul Stock Performance

AZUL stock opened at $2.32 on Friday. The firm has a market cap of $975.94 million, a P/E ratio of -0.33 and a beta of 1.95. The firm’s fifty day moving average is $2.13 and its 200 day moving average is $2.98. Azul has a 52 week low of $1.57 and a 52 week high of $8.73.

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.