Azul S.A. (NYSE:AZUL) Given Consensus Rating of “Moderate Buy” by Analysts

Azul S.A. (NYSE:AZUL) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.26.

AZUL has been the topic of a number of analyst reports. Raymond James reiterated an “outperform” rating and set a $12.00 target price (down previously from $13.00) on shares of Azul in a report on Monday, April 15th. Barclays lowered their target price on Azul from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, April 1st. Finally, Bank of America reiterated an “underperform” rating and set a $9.50 target price (down previously from $18.00) on shares of Azul in a report on Thursday, April 18th.

Azul Price Performance

AZUL opened at $5.38 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of -5.78 and a beta of 1.85. The stock’s 50 day simple moving average is $7.37 and its 200 day simple moving average is $8.35. Azul has a 1-year low of $5.16 and a 1-year high of $13.86.

Azul (NYSE:AZUL) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.25). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Research analysts expect that Azul will post -0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Azul

Several hedge funds have recently made changes to their positions in the business. U S Global Investors Inc. raised its position in shares of Azul by 10.4% in the 1st quarter. U S Global Investors Inc. now owns 874,798 shares of the company’s stock worth $6,797,000 after buying an additional 82,077 shares during the period. Aigen Investment Management LP purchased a new position in shares of Azul in the 4th quarter worth $214,000. Dynamic Technology Lab Private Ltd raised its position in shares of Azul by 46.4% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 68,004 shares of the company’s stock worth $659,000 after buying an additional 21,549 shares during the period. AXQ Capital LP purchased a new position in shares of Azul in the 3rd quarter worth $205,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Azul in the 3rd quarter worth $4,999,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Company Profile

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.