Azul S.A. (NYSE:AZUL) Given Average Rating of "Hold" by Analysts

Azul S.A. (NYSE:AZUL - Get Free Report) has been given an average recommendation of "Hold" by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.32.

A number of equities analysts have issued reports on AZUL shares. Seaport Res Ptn cut Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th. Raymond James lowered Azul from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group lowered their price target on shares of Azul from $2.70 to $2.40 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Finally, Barclays reduced their price objective on shares of Azul from $4.50 to $0.50 and set an "equal weight" rating on the stock in a research note on Friday, May 16th.

Hedge Funds Weigh In On Azul

A number of institutional investors and hedge funds have recently modified their holdings of AZUL. Trellis Wealth Advisors LLC bought a new stake in shares of Azul in the 4th quarter valued at $32,000. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Azul during the first quarter valued at approximately $38,000. Inspire Investing LLC acquired a new position in shares of Azul during the first quarter worth approximately $41,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Azul in the 4th quarter worth $42,000. Finally, Two Sigma Securities LLC grew its position in Azul by 44.6% in the 4th 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 during the period. 0.82% of the stock is currently owned by institutional investors.

Azul Stock Performance

Shares of AZUL remained flat at $0.50 during trading hours on Friday. The company has a market cap of $210.79 million, a price-to-earnings ratio of -0.07 and a beta of 1.88. Azul has a fifty-two week low of $0.45 and a fifty-two week high of $5.51. The company has a 50-day simple moving average of $1.01 and a 200 day simple moving average of $1.68.

Azul (NYSE:AZUL - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($2.18) earnings per share (EPS) 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 expect that Azul will post -1.58 EPS for the current fiscal year.

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.