Azul S.A., together with its subsidiaries, provides passenger and cargo transportation services in Brazil. As of December 31, 2021, the company operated 850 daily departures to 125 destinations through a network of 259 non-stop routes with a fleet of 179 aircraft. It is also involved in the loyalty programs, travel packages, investment fund, logistics solutions, and aircraft financing activities. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
Wall Street Analyst Weigh In
AZUL has been the subject of a number of research analyst reports. Raymond James reduced their price objective on Azul from $22.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, July 7th. Seaport Res Ptn raised shares of Azul from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 26th. Barclays cut shares of Azul from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $17.00 to $7.00 in a research report on Wednesday, July 6th. The Goldman Sachs Group cut their price target on shares of Azul from $15.40 to $9.90 and set a "neutral" rating on the stock in a research report on Tuesday, July 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Azul from $18.00 to $11.00 in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $14.28.
Azul Price Performance
AZUL Stock opened at $7.71 on Friday. Azul has a 1 year low of $6.13 and a 1 year high of $22.98. The stock has a market capitalization of $3.24 billion, a PE ratio of 9.52 and a beta of 1.31. The company's 50-day moving average is $7.95 and its 200-day moving average is $12.02.
Azul (NYSE:AZUL - Get Rating) last posted its earnings results on Monday, May 9th. The company reported ($1.14) earnings per share for the quarter, topping analysts' consensus estimates of ($1.21) by $0.07. The business had revenue of $610.94 million during the quarter, compared to analyst estimates of $638.50 million. On average, analysts anticipate that Azul will post -2.48 earnings per share for the current fiscal year.