Azul S.A. (NYSE:AZUL) Receives $6.59 Consensus Price Target from Analysts

Azul S.A. (NYSE:AZULGet Free Report) has been given an average rating of “Hold” by the ten research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $6.59.

AZUL has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. lowered shares of Azul from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 10th. Hsbc Global Res upgraded Azul to a “hold” rating in a report on Thursday, September 5th. The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $6.70 to $4.00 in a research note on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.

View Our Latest Stock Analysis on Azul

Azul Price Performance

NYSE:AZUL opened at $3.13 on Friday. Azul has a 1-year low of $2.02 and a 1-year high of $11.26. The company has a 50-day moving average of $3.25 and a 200 day moving average of $4.60. The firm has a market cap of $1.32 billion, a PE ratio of -1.28 and a beta of 1.98.

Azul (NYSE:AZULGet Free Report) last released its quarterly earnings data 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 firm had revenue of $800.65 million for the quarter, compared to analysts’ expectations of $791.43 million. During the same quarter in the previous year, the company posted ($0.81) EPS. Sell-side analysts anticipate that Azul will post -1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Azul

Several institutional investors have recently made changes to their positions in the company. Creative Planning purchased a new stake in Azul during the third quarter worth $35,000. Signaturefd LLC boosted its stake in shares of Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after acquiring an additional 2,812 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Azul during the 2nd quarter valued at about $51,000. Inspire Advisors LLC increased its stake in shares of Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its holdings in Azul by 9.5% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock worth $109,000 after purchasing an additional 2,380 shares during the period. 0.82% of the stock is owned by hedge funds and other institutional investors.

About Azul

(Get Free Report

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.

Further Reading

Analyst Recommendations for Azul (NYSE:AZUL)

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