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Azul (NYSE:AZUL) Sets New 1-Year Low at $4.56

Azul logo with Transportation background

Azul S.A. (NYSE:AZUL - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $4.56 and last traded at $4.59, with a volume of 418677 shares. The stock had previously closed at $4.68.

Analyst Ratings Changes

AZUL has been the subject of a number of recent research reports. Morgan Stanley started coverage on shares of Azul in a report on Friday, May 24th. They issued an "equal weight" rating and a $7.40 price objective for the company. Barclays lowered their price target on shares of Azul from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, May 15th. Bank of America reiterated an "underperform" rating and set a $9.50 price target (down from $18.00) on shares of Azul in a report on Thursday, April 18th. Finally, Raymond James reiterated an "outperform" rating and set a $12.00 price target (down from $13.00) on shares of Azul in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $11.12.

View Our Latest Report on AZUL

Azul Stock Performance

The company's 50-day moving average price is $5.71 and its 200 day moving average price is $7.43. The stock has a market capitalization of $1.80 billion, a PE ratio of -1.75 and a beta of 2.05.

Azul (NYSE:AZUL - Get Free Report) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.04). The company had revenue of $945.00 million for the quarter, compared to the consensus estimate of $968.17 million. Analysts expect that Azul S.A. will post -0.93 earnings per share for the current year.


Institutional Trading of Azul

A number of institutional investors and hedge funds have recently bought and sold shares of AZUL. Schonfeld Strategic Advisors LLC bought a new stake in shares of Azul in the third quarter worth approximately $4,999,000. AXQ Capital LP purchased a new position in shares of Azul in the third quarter worth approximately $205,000. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Azul by 46.4% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 68,004 shares of the company's stock worth $659,000 after buying an additional 21,549 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Azul in the fourth quarter worth approximately $214,000. Finally, U S Global Investors Inc. boosted its holdings in shares of Azul by 10.4% in the first quarter. U S Global Investors Inc. now owns 874,798 shares of the company's stock worth $6,797,000 after buying an additional 82,077 shares during the last quarter. 0.82% of the stock is currently owned by institutional investors.

Azul Company Profile

(Get Free Report)

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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