Brokers Set Expectations for Azul’s Q4 Earnings (NYSE:AZUL)

Azul S.A. (NYSE:AZUL) – Stock analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for Azul in a research note issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie now expects that the company will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.06. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Azul’s current full-year earnings is ($1.75) per share.

AZUL has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and dropped their price target for the company from $6.70 to $4.00 in a research report on Monday, September 23rd. HSBC cut shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 target price on the stock. in a report on Thursday, September 5th. Barclays dropped their price target on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Finally, Hsbc Global Res upgraded Azul to a “hold” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.59.

Azul Stock Down 3.2 %

Shares of NYSE AZUL opened at $2.69 on Friday. The business has a 50 day moving average price of $2.96 and a two-hundred day moving average price of $4.10. Azul has a fifty-two week low of $2.02 and a fifty-two week high of $11.11. The firm has a market cap of $1.13 billion, a PE ratio of -0.28 and a beta of 1.99.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Long Focus Capital Management LLC raised its position in 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 in the last quarter. Marshall Wace LLP boosted its position in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares during the period. SPX Gestao de Recursos Ltda grew its holdings in shares of Azul by 13,831.7% during the second 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 in the last quarter. XTX Topco Ltd acquired a new stake in Azul during the 3rd quarter worth about $614,000. Finally, Centiva Capital LP grew its position in Azul by 205.3% during the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after purchasing an additional 135,365 shares in the last quarter. 0.82% of the stock is 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.