Azul S.A. (NYSE:AZUL) Receives Consensus Recommendation of “Hold” from Analysts

Azul S.A. (NYSE:AZUL) has been given an average recommendation of “Hold” by the ten brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.40.

A number of brokerages have weighed in on AZUL. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Raymond James reduced their price target on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th.

Azul Stock Performance

Azul stock opened at $1.84 on Monday. The company’s fifty day moving average price is $2.03 and its 200 day moving average price is $2.41. The stock has a market capitalization of $773.58 million, a P/E ratio of -0.26 and a beta of 1.98. Azul has a 1 year low of $1.57 and a 1 year high of $8.73.

Institutional Trading of Azul

Several institutional investors and hedge funds have recently bought and sold shares of AZUL. Trellis Wealth Advisors LLC purchased a new stake in Azul in the 4th quarter valued at about $32,000. Arrowstreet Capital Limited Partnership acquired a new position in Azul in the 4th quarter valued at about $42,000. Two Sigma Securities LLC grew its position in Azul by 44.6% in the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after acquiring an additional 9,038 shares in the last quarter. Inspire Advisors LLC grew its position in Azul by 16.6% in the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock valued at $80,000 after acquiring an additional 6,844 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Azul in the 4th quarter valued at about $87,000. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

About Azul

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.