Azul S.A. (NYSE:AZUL) Receives $4.67 Consensus Price Target from Analysts

Azul S.A. (NYSE:AZUL - Get Free Report) has earned a consensus recommendation of "Hold" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.67.

Several brokerages have recently commented on AZUL. Seaport Res Ptn lowered Azul from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group cut their target price on Azul from $2.70 to $2.40 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Raymond James cut their target price on Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th.

Hedge Funds Weigh In On Azul

Several institutional investors and hedge funds have recently added to or reduced their stakes in AZUL. Trellis Wealth Advisors LLC purchased a new stake in shares of Azul during the fourth quarter worth about $32,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Azul during the fourth quarter worth about $42,000. Two Sigma Securities LLC grew its stake in shares of Azul by 44.6% during the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company's stock worth $49,000 after acquiring an additional 9,038 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Azul by 16.6% during the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company's stock worth $80,000 after acquiring an additional 6,844 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Azul during the fourth quarter worth about $87,000. Hedge funds and other institutional investors own 0.82% of the company's stock.

Azul Trading Down 7.4%

Shares of Azul stock traded down $0.05 during trading on Tuesday, hitting $0.65. 5,038,988 shares of the stock traded hands, compared to its average volume of 2,714,363. The firm has a market cap of $274.65 million, a P/E ratio of -0.09 and a beta of 1.88. Azul has a 52-week low of $0.48 and a 52-week high of $6.64. The stock's fifty day simple moving average is $1.45 and its 200 day simple moving average is $1.94.

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.