Azul S.A. (NYSE:AZUL) Given Consensus Recommendation of "Hold" by Analysts

Shares of Azul S.A. (NYSE:AZUL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $4.67.

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

Institutional Investors Weigh In On Azul

A number of large investors have recently bought and sold shares of the business. Long Focus Capital Management LLC raised its holdings in Azul by 18.0% during the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company's stock valued at $9,908,000 after buying an additional 905,463 shares in the last quarter. Perpetual Ltd lifted its holdings in Azul by 5.1% in 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. Kapitalo Investimentos Ltda boosted its position in Azul by 505.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company's stock worth $900,000 after purchasing an additional 449,855 shares during the period. Two Sigma Investments LP boosted its position in Azul by 17.1% during the fourth quarter. Two Sigma Investments LP now owns 191,019 shares of the company's stock worth $319,000 after purchasing an additional 27,949 shares during the period. Finally, Virtu Financial LLC acquired a new position in Azul during the fourth quarter valued at approximately $220,000. 0.82% of the stock is currently owned by institutional investors.

Azul Stock Performance

NYSE AZUL opened at $0.72 on Tuesday. The firm's 50 day moving average price is $1.54 and its two-hundred day moving average price is $2.01. The stock has a market cap of $304.80 million, a price-to-earnings ratio of -0.10 and a beta of 1.88. Azul has a twelve month low of $0.48 and a twelve month high of $6.64.

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.

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