Azul S.A. (NYSE:AZUL) Receives Average Rating of “Hold” from Analysts

Shares of Azul S.A. (NYSE:AZUL) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.40.

A number of equities analysts have recently commented on AZUL shares. Seaport Res Ptn downgraded Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective on Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Raymond James decreased their target price on Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th.

Institutional Investors Weigh In On Azul

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its holdings in Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after purchasing an additional 75,291 shares during the last quarter. Perpetual Ltd increased its holdings in Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock worth $4,132,000 after purchasing an additional 119,023 shares during the last quarter. Trellis Wealth Advisors LLC purchased a new stake in Azul during the 4th quarter worth approximately $32,000. Inspire Advisors LLC increased its holdings in Azul by 16.6% during the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock worth $80,000 after purchasing an additional 6,844 shares during the last quarter. Finally, Fore Capital LLC bought a new stake in shares of Azul in the 4th quarter valued at approximately $167,000. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

Azul Stock Performance

Shares of Azul stock opened at $1.84 on Monday. Azul has a one year low of $1.57 and a one year high of $8.73. The company has a market cap of $773.58 million, a PE ratio of -0.26 and a beta of 1.98. The business has a 50-day simple moving average of $2.03 and a 200-day simple moving average of $2.41.

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.