Azul (NYSE:AZUL) Hits New 12-Month Low at $6.28

Shares of Azul S.A. (NYSE:AZULGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.28 and last traded at $6.31, with a volume of 70606 shares. The stock had previously closed at $6.58.

Analyst Ratings Changes

Several equities research analysts have issued reports on AZUL shares. Seaport Res Ptn raised Azul from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 26th. The Goldman Sachs Group lowered their target price on Azul from $15.40 to $9.90 and set a “neutral” rating for the company in a research note on Tuesday, July 5th. Raymond James lowered their target price on Azul from $22.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Barclays lowered Azul from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $17.00 to $7.00 in a research report on Wednesday, July 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Azul from $18.00 to $11.00 in a research report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.28.

Azul Trading Down 5.5 %

The business has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $12.49. The stock has a market cap of $2.62 billion, a PE ratio of 7.68 and a beta of 1.41.

Azul (NYSE:AZULGet Rating) last posted its earnings results on Monday, May 9th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.21) by $0.07. The firm had revenue of $610.94 million for the quarter, compared to analysts’ expectations of $638.50 million. On average, research analysts predict that Azul S.A. will post -2.48 earnings per share for the current year.

Institutional Trading of Azul

Several hedge funds and other institutional investors have recently made changes to their positions in AZUL. Oaktree Capital Management LP grew its stake in shares of Azul by 33.1% in the 4th quarter. Oaktree Capital Management LP now owns 2,794,724 shares of the company’s stock worth $36,890,000 after buying an additional 695,200 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Azul by 255.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 967,203 shares of the company’s stock worth $12,768,000 after buying an additional 694,926 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Azul during the 4th quarter valued at $6,225,000. Long Focus Capital Management LLC purchased a new stake in Azul during the 4th quarter valued at $5,610,000. Finally, Capital Research Global Investors boosted its stake in Azul by 3.0% during the 1st quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock valued at $196,134,000 after purchasing an additional 374,935 shares during the last quarter. Hedge funds and other institutional investors own 1.60% of the company’s stock.

About Azul

(Get Rating)

Azul SA, together with its subsidiaries, provides passenger and cargo transportation services in Brazil. As of December 31, 2021, the company operated 850 daily departures to 125 destinations through a network of 259 non-stop routes with a fleet of 179 aircraft. It is also involved in the loyalty programs, travel packages, investment fund, logistics solutions, and aircraft financing activities.

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