Brokerages Set Azul S.A. (NYSE:AZUL) Target Price at $8.23

Shares of Azul S.A. (NYSE:AZUL) have received an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $6.59.

A number of equities research analysts have issued reports on AZUL shares. JPMorgan Chase & Co. cut shares of Azul from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 10th. The Goldman Sachs Group lowered shares of Azul from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th.

Azul Price Performance

Azul stock opened at $3.24 on Monday. Azul has a one year low of $2.02 and a one year high of $11.26. The company’s fifty day moving average price is $3.53 and its two-hundred day moving average price is $5.09. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -1.33 and a beta of 1.97.

Azul (NYSE:AZUL) last announced its 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 analysts’ expectations of $791.43 million. During the same period in the prior year, the firm earned ($0.81) earnings per share. As a group, sell-side analysts anticipate that Azul will post -1.39 earnings per share for the current year.

Institutional Investors Weigh In On Azul

A number of hedge funds have recently made changes to their positions in AZUL. Signaturefd LLC raised its stake in shares of Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after acquiring an additional 2,812 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Azul in the 2nd quarter valued at about $51,000. Inspire Advisors LLC grew its position in shares of Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after buying an additional 3,764 shares during the period. Coronation Fund Managers Ltd. raised its stake in shares of Azul by 9.5% during the second quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock worth $109,000 after buying an additional 2,380 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Azul in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

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.