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

Shares of Azul S.A. (NYSE:AZUL) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.40.

Several research analysts have recently weighed in on the stock. Raymond James decreased their price objective on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Seaport Res Ptn raised shares of Azul from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a report on Thursday, January 16th.

Azul Stock Performance

Shares of NYSE AZUL opened at $1.92 on Thursday. The firm’s 50 day moving average price is $2.01 and its 200-day moving average price is $2.69. The company has a market cap of $807.31 million, a PE ratio of -0.27 and a beta of 2.00. Azul has a 52-week low of $1.57 and a 52-week high of $8.73.

Institutional Trading of Azul

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in Azul during the third quarter valued at approximately $35,000. Ground Swell Capital LLC purchased a new stake in Azul during the third quarter valued at approximately $44,000. Trellis Wealth Advisors LLC purchased a new stake in Azul during the fourth quarter valued at approximately $32,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Azul in the fourth quarter worth $42,000. Finally, Two Sigma Securities LLC increased its stake 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 worth $49,000 after purchasing an additional 9,038 shares in the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

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.