Barclays Lowers Azul (NYSE:AZUL) Price Target to $0.50

Azul (NYSE:AZUL) had its price objective lowered by equities research analysts at Barclays from $4.50 to $0.50 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 8.42% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Raymond James cut Azul from an “outperform” rating to a “market perform” rating in a research note on Thursday. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their target price on Azul from $2.70 to $2.40 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.00.

Azul Trading Down 2.5%

Shares of AZUL stock opened at $0.55 on Friday. The stock has a market cap of $230.18 million, a price-to-earnings ratio of -0.08 and a beta of 1.88. The stock has a 50-day moving average of $1.32 and a 200-day moving average of $1.87. Azul has a 1-year low of $0.48 and a 1-year high of $6.29.

Azul (NYSE:AZUL) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($2.18) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($2.21). The firm had revenue of $923.68 million during the quarter, compared to the consensus estimate of $5.31 billion. Sell-side analysts forecast that Azul will post -1.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trellis Wealth Advisors LLC bought a new position in Azul in the fourth quarter worth approximately $32,000. Absolute Gestao de Investimentos Ltda. bought a new position in shares of Azul in the first quarter valued at approximately $38,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Azul in the fourth quarter valued at approximately $42,000. Two Sigma Securities LLC lifted its holdings in shares of Azul by 44.6% in the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after purchasing an additional 9,038 shares in the last quarter. Finally, Inspire Advisors LLC lifted its holdings in shares of Azul by 16.6% in the fourth 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 in the last quarter. Institutional investors 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.