Azul S.A. (NYSE:AZUL) Receives $5.40 Consensus Price Target from Brokerages

Azul S.A. (NYSE:AZUL) has received an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $5.40.

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

Azul Price Performance

Shares of AZUL opened at $1.88 on Monday. Azul has a 1-year low of $1.57 and a 1-year high of $8.73. The firm has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $2.39. The stock has a market cap of $790.45 million, a price-to-earnings ratio of -0.26 and a beta of 1.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP boosted its stake in Azul by 17.1% during the 4th quarter. Two Sigma Investments LP now owns 191,019 shares of the company’s stock valued at $319,000 after purchasing an additional 27,949 shares during the period. Kapitalo Investimentos Ltda boosted its stake in Azul by 505.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock valued at $900,000 after purchasing an additional 449,855 shares during the period. Two Sigma Securities LLC boosted its stake in Azul by 44.6% during the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after purchasing an additional 9,038 shares during the period. Long Focus Capital Management LLC boosted its stake in Azul by 18.0% during the 4th quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock valued at $9,908,000 after purchasing an additional 905,463 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Azul in the 4th quarter worth approximately $87,000. 0.82% of the stock is owned by institutional investors and hedge funds.

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.