Azul S.A. (NYSE:AZUL) Receives $6.59 Average PT from Brokerages

Shares of Azul S.A. (NYSE:AZUL) have received an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.59.

A number of equities research analysts recently weighed in on AZUL shares. Hsbc Global Res upgraded shares of Azul to a “hold” rating in a research note on Thursday, September 5th. Seaport Res Ptn downgraded shares of Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. HSBC cut shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, Barclays cut their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, August 19th.

Azul Stock Down 4.0 %

Azul stock opened at $2.67 on Tuesday. Azul has a 52-week low of $2.02 and a 52-week high of $11.11. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -0.28 and a beta of 1.99. The firm has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $4.09.

Institutional Trading of Azul

A number of hedge funds have recently made changes to their positions in AZUL. Long Focus Capital Management LLC increased its stake in shares of Azul by 106.3% in the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after acquiring an additional 2,295,000 shares during the last quarter. Perpetual Ltd increased its position in Azul by 4.5% in the 3rd quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after purchasing an additional 100,639 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after purchasing an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in shares of Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after buying an additional 290,465 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after buying an additional 75,291 shares during the last quarter. 0.82% of the stock is 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.