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
A number of analysts have recently commented on AZUL shares. Deutsche Bank Aktiengesellschaft lowered their price target on Azul from $18.00 to $11.00 in a research note on Tuesday, July 19th. Barclays cut Azul from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $17.00 to $7.00 in a research note on Wednesday, July 6th. Raymond James lowered their price target on Azul from $22.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, July 7th. The Goldman Sachs Group lowered their price target on Azul from $15.40 to $9.90 and set a "neutral" rating for the company in a research note on Tuesday, July 5th. Finally, Seaport Res Ptn raised Azul from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Azul has a consensus rating of "Hold" and a consensus target price of $14.28.
Azul Stock Performance
NYSE:AZUL traded up $1.01 during trading hours on Friday, reaching $9.73. 3,407,670 shares of the company's stock were exchanged, compared to its average volume of 2,117,882. The company's 50-day moving average is $7.59 and its two-hundred day moving average is $11.81. Azul has a one year low of $6.13 and a one year high of $22.98. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of -2.36 and a beta of 1.31.