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

Azul S.A. (NYSE:AZUL) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.40.

Several analysts recently commented on AZUL shares. The Goldman Sachs Group dropped their price objective on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Raymond James dropped their price objective on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Finally, Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Azul Trading Down 6.2 %

Shares of Azul stock opened at $1.74 on Monday. The company has a market capitalization of $731.43 million, a PE ratio of -0.24 and a beta of 1.98. Azul has a 12 month low of $1.57 and a 12 month high of $8.65. The stock’s fifty day simple moving average is $2.01 and its 200 day simple moving average is $2.38.

Hedge Funds Weigh In On Azul

Large investors have recently added to or reduced their stakes in the company. Trellis Wealth Advisors LLC bought a new position in shares of Azul in the 4th quarter valued at about $32,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Azul in the 4th quarter valued at about $42,000. Two Sigma Securities LLC grew its holdings in shares of Azul by 44.6% in the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after acquiring an additional 9,038 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Azul by 16.6% in the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock valued at $80,000 after acquiring an additional 6,844 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Azul in the 4th quarter valued at about $87,000. Institutional investors own 0.82% of the company’s stock.

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.