Seaport Res Ptn Downgrades Azul (NYSE:AZUL) to Hold

Azul (NYSE:AZUL) was downgraded by research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Azul’s Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.24) EPS and FY2027 earnings at $0.42 EPS.

Several other brokerages have also recently issued reports on AZUL. Raymond James lowered their price target on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group lowered their target price on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.40.

Azul Trading Down 3.9 %

Shares of NYSE:AZUL opened at $1.84 on Wednesday. The company has a 50 day moving average of $2.00 and a 200-day moving average of $2.61. The firm has a market cap of $773.58 million, a P/E ratio of -0.26 and a beta of 1.99. Azul has a twelve month low of $1.57 and a twelve month high of $8.73.

Hedge Funds Weigh In On Azul

A number of hedge funds have recently modified their holdings of AZUL. Inspire Advisors LLC increased its stake in Azul by 16.6% in the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock worth $80,000 after purchasing an additional 6,844 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Azul by 16.3% in the fourth quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock worth $106,000 after buying an additional 8,899 shares during the period. Two Sigma Securities LLC boosted its holdings in shares of Azul by 44.6% in the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock worth $49,000 after buying an additional 9,038 shares during the period. Creative Planning purchased a new position in shares of Azul in the third quarter worth approximately $35,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Azul during the third quarter valued at approximately $44,000. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.