Analysts Set Azul S.A. (NYSE:AZUL) Price Target at $12.26

Azul S.A. (NYSE:AZUL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.26.

Several equities research analysts have recently issued reports on the stock. Bank of America restated an "underperform" rating and set a $9.50 price target (down previously from $18.00) on shares of Azul in a research note on Thursday, April 18th. Barclays reduced their target price on Azul from $14.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, April 1st. Finally, Raymond James reaffirmed an "outperform" rating and issued a $12.00 price target (down previously from $13.00) on shares of Azul in a report on Monday, April 15th.

Institutional Investors Weigh In On Azul

Large investors have recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. bought a new position in shares of Azul during the 3rd quarter valued at $158,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Azul by 66.7% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,000 shares of the company's stock valued at $42,000 after buying an additional 2,000 shares during the period. Privium Fund Management UK Ltd bought a new position in shares of Azul during the third quarter valued at about $341,000. Landscape Capital Management L.L.C. increased its holdings in shares of Azul by 151.3% in the third quarter. Landscape Capital Management L.L.C. now owns 146,654 shares of the company's stock worth $1,260,000 after buying an additional 88,286 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Azul by 4.1% in the 3rd quarter. Van ECK Associates Corp now owns 76,731 shares of the company's stock valued at $659,000 after acquiring an additional 3,005 shares during the last quarter. Hedge funds and other institutional investors own 0.82% of the company's stock.

Azul Stock Performance

NYSE:AZUL traded up $0.30 on Friday, hitting $5.68. The stock had a trading volume of 2,131,805 shares, compared to its average volume of 1,592,784. Azul has a 1 year low of $5.16 and a 1 year high of $13.86. The firm's fifty day simple moving average is $7.33 and its two-hundred day simple moving average is $8.33. The stock has a market cap of $2.39 billion, a P/E ratio of -6.11 and a beta of 1.85.

Azul (NYSE:AZUL - Get Free Report) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.25). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Equities research analysts predict that Azul will post -0.75 EPS for the current year.

About Azul

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.