Barclays Trims Azul (NYSE:AZUL) Target Price to $10.00

Azul (NYSE:AZUL - Get Free Report) had its price objective dropped by research analysts at Barclays from $12.00 to $10.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 58.98% from the company's previous close.

A number of other brokerages have also issued reports on AZUL. Bank of America reiterated an "underperform" rating and set a $9.50 target price (down from $18.00) on shares of Azul in a research report on Thursday, April 18th. Raymond James reissued an "outperform" rating and set a $12.00 price target (down from $13.00) on shares of Azul in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Azul presently has an average rating of "Moderate Buy" and an average target price of $11.86.

Azul Stock Down 1.6 %

NYSE:AZUL traded down $0.10 on Wednesday, reaching $6.29. The stock had a trading volume of 1,289,277 shares, compared to its average volume of 1,570,742. The company has a market capitalization of $2.65 billion, a P/E ratio of -6.76 and a beta of 1.94. Azul has a 1-year low of $5.16 and a 1-year high of $13.86. The stock has a fifty day moving average price of $7.00 and a 200-day moving average price of $8.19.

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

Institutional Trading of Azul

Institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Advisors LLC raised its holdings in Azul by 19.4% during the first quarter. Inspire Advisors LLC now owns 18,699 shares of the company's stock worth $145,000 after acquiring an additional 3,042 shares in the last quarter. Aigen Investment Management LP bought a new stake in Azul during the fourth quarter worth about $214,000. AXQ Capital LP bought a new stake in Azul during the third quarter worth about $205,000. Coronation Fund Managers Ltd. raised its holdings in Azul by 16.0% during the first quarter. Coronation Fund Managers Ltd. now owns 24,961 shares of the company's stock worth $194,000 after acquiring an additional 3,450 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in Azul by 310.0% during the first quarter. Quantbot Technologies LP now owns 31,813 shares of the company's stock worth $247,000 after acquiring an additional 24,054 shares in the last quarter. Institutional investors own 0.82% of the company's stock.

Azul Company Profile

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.