Azul S.A. (NYSE:AZUL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Azul S.A. (NYSE:AZUL) have received an average rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.36.

A number of analysts have recently commented on AZUL shares. The Goldman Sachs Group dropped their price target on Azul from $2.70 to $2.40 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Seaport Res Ptn downgraded Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Raymond James reduced their price target on Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th.

Azul Price Performance

Shares of NYSE AZUL opened at $1.46 on Friday. The stock has a market cap of $613.39 million, a P/E ratio of -0.20 and a beta of 1.59. Azul has a 1 year low of $1.37 and a 1 year high of $7.58. The firm has a 50-day moving average of $1.78 and a 200 day moving average of $2.26.

Hedge Funds Weigh In On Azul

A number of hedge funds have recently bought and sold shares of AZUL. Jane Street Group LLC boosted its stake in shares of Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after buying an additional 75,291 shares during the last quarter. Perpetual Ltd grew its stake in shares of Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock valued at $4,132,000 after purchasing an additional 119,023 shares during the period. Inspire Advisors LLC increased its position in shares of Azul by 16.6% during the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock valued at $80,000 after purchasing an additional 6,844 shares during the last quarter. Trellis Wealth Advisors LLC bought a new position in shares of Azul in the 4th quarter worth approximately $32,000. Finally, Virtu Financial LLC purchased a new position in shares of Azul in the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 0.82% of the company’s stock.

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.