Seaport Res Ptn Issues Pessimistic Outlook for Azul Earnings

Azul S.A. (NYSE:AZUL) – Equities research analysts at Seaport Res Ptn cut their Q4 2024 EPS estimates for shares of Azul in a research report issued to clients and investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie now expects that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.06. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Azul’s current full-year earnings is ($1.75) per share.

Other analysts have also recently issued reports about the stock. HSBC cut shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.70 to $4.00 in a report on Monday, September 23rd. Barclays cut their price objective on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, Hsbc Global Res upgraded shares of Azul to a “hold” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.59.

Azul Price Performance

Shares of NYSE AZUL opened at $2.69 on Friday. The company has a 50-day simple moving average of $2.96 and a 200-day simple moving average of $4.10. The company has a market cap of $1.13 billion, a PE ratio of -0.28 and a beta of 1.99. Azul has a 12 month low of $2.02 and a 12 month high of $11.11.

Hedge Funds Weigh In On Azul

A number of hedge funds have recently made changes to their positions in AZUL. Creative Planning acquired a new stake in Azul in the 3rd quarter valued at $35,000. Signaturefd LLC grew its stake in shares of Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after buying an additional 2,812 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in shares of Azul during the 3rd quarter valued at about $44,000. Sanctuary Advisors LLC acquired a new position in Azul during the 2nd quarter worth approximately $51,000. Finally, Inspire Advisors LLC lifted its position in Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after acquiring an additional 3,764 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Azul Company Profile

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.