Azul S.A. (NYSE:AZUL) Given Average Rating of “Hold” by Brokerages

Azul S.A. (NYSE:AZUL) has received an average rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. One 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 1 year price objective among analysts that have issued a report on the stock in the last year is $6.59.

Several research firms have commented on AZUL. Hsbc Global Res upgraded shares of Azul to a “hold” rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. HSBC cut shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a report on Thursday, September 5th. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Barclays dropped their price objective on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th.

Azul Stock Down 4.5 %

Shares of AZUL stock opened at $2.55 on Tuesday. The company’s fifty day simple moving average is $2.96 and its 200-day simple moving average is $4.05. Azul has a 12 month low of $2.02 and a 12 month high of $11.11. The firm has a market cap of $1.08 billion, a PE ratio of -0.36 and a beta of 1.99.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AZUL. Creative Planning purchased a new position in Azul during the 3rd quarter valued at about $35,000. Signaturefd LLC grew its holdings in Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after buying an additional 2,812 shares in the last quarter. Ground Swell Capital LLC purchased a new position in Azul during the 3rd quarter valued at about $44,000. Sanctuary Advisors LLC purchased a new position in Azul during the 2nd quarter valued at about $51,000. Finally, Inspire Advisors LLC grew its holdings in Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after buying an additional 3,764 shares in the last quarter. 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.