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

Azul S.A. (NYSE:AZUL) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One investment 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. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.36.

A number of equities research analysts have weighed in on AZUL shares. Raymond James decreased their price objective on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on Azul from $2.70 to $2.40 and set a “neutral” rating for the company in a research report on Tuesday, March 25th.

Azul Price Performance

Shares of AZUL opened at $1.53 on Friday. Azul has a one year low of $1.37 and a one year high of $6.64. The company’s fifty day moving average price is $1.75 and its 200 day moving average price is $2.23. The company has a market capitalization of $642.90 million, a PE ratio of -0.21 and a beta of 1.59.

Institutional Trading of Azul

A number of large investors have recently modified their holdings of the business. Inspire Advisors LLC boosted its holdings in shares of Azul by 16.6% during the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock worth $80,000 after purchasing an additional 6,844 shares during the period. Van ECK Associates Corp grew its holdings in shares of Azul by 16.3% during the fourth quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock valued at $106,000 after buying an additional 8,899 shares during the last quarter. Two Sigma Securities LLC lifted its holdings in shares of Azul by 44.6% during the fourth 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 in the last quarter. Trellis Wealth Advisors LLC bought a new position in shares of Azul during the 4th quarter valued at $32,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Azul during the fourth quarter valued at approximately $42,000. 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.