Brokerages Set Azul S.A. (NYSE:AZUL) Target Price at $6.59

Azul S.A. (NYSE:AZUL) has earned a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $6.59.

A number of research firms have weighed in on AZUL. HSBC downgraded Azul from a “buy” rating to a “hold” rating and set a $2.70 price target for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group lowered shares of 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 research note on Monday, September 23rd. Barclays cut their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Hsbc Global Res raised Azul to a “hold” rating in a research report on Thursday, September 5th.

Azul Price Performance

AZUL opened at $2.20 on Friday. The business’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $3.66. Azul has a 1 year low of $2.02 and a 1 year high of $10.62. The company has a market capitalization of $927.46 million, a price-to-earnings ratio of -0.31 and a beta of 1.92.

Hedge Funds Weigh In On Azul

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AZUL. Creative Planning bought a new stake in shares of Azul during the 3rd quarter worth about $35,000. Signaturefd LLC lifted its position in Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after acquiring an additional 2,812 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Azul during the third quarter worth approximately $44,000. Sanctuary Advisors LLC acquired a new position in shares of Azul in the second quarter valued at approximately $51,000. Finally, Inspire Advisors LLC increased its stake in shares of Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after purchasing an additional 3,764 shares during the period. 0.82% of the stock is owned by institutional investors.

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.