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Azul S.A. (NYSE:AZUL) Receives $11.12 Average Target Price from Analysts

Azul logo with Transportation background

Shares of Azul S.A. (NYSE:AZUL - Get Free Report) have been given an average rating of "Hold" by the seven research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.12.

A number of research analysts have recently commented on the company. Morgan Stanley assumed coverage on Azul in a report on Friday, May 24th. They set an "equal weight" rating and a $7.40 price objective on the stock. Raymond James reissued an "outperform" rating and set a $12.00 price objective (down previously from $13.00) on shares of Azul in a report on Monday, April 15th. Bank of America reaffirmed an "underperform" rating and issued a $9.50 target price (down previously from $18.00) on shares of Azul in a report on Thursday, April 18th. Finally, Barclays lowered their target price on Azul from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 15th.

Read Our Latest Stock Analysis on AZUL

Azul Trading Down 0.8 %

AZUL stock traded down $0.04 during mid-day trading on Friday, hitting $5.10. The stock had a trading volume of 1,918,570 shares, compared to its average volume of 1,537,117. Azul has a 1-year low of $5.01 and a 1-year high of $13.86. The company has a fifty day moving average of $5.96 and a 200 day moving average of $7.57. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -2.09 and a beta of 2.05.

Azul (NYSE:AZUL - Get Free Report) last issued its earnings results on Monday, May 13th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.04). The business had revenue of $945.00 million during the quarter, compared to the consensus estimate of $968.17 million. As a group, sell-side analysts expect that Azul will post -0.93 earnings per share for the current fiscal year.

Institutional Trading of Azul

A number of hedge funds have recently modified their holdings of AZUL. Van ECK Associates Corp lifted its position 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 worth $659,000 after acquiring an additional 3,005 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Azul during the 3rd quarter worth approximately $4,999,000. AXQ Capital LP bought a new position in shares of Azul during the 3rd quarter worth approximately $205,000. Dynamic Technology Lab Private Ltd lifted its position in shares of Azul by 46.4% during the 4th 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 period. Finally, Aigen Investment Management LP bought a new position in shares of Azul during the 4th quarter worth approximately $214,000. Institutional investors own 0.82% of the company's stock.

About Azul

(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.

Further Reading

Analyst Recommendations for Azul (NYSE:AZUL)

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