Azul (NYSE:AZUL) Price Target Cut to $4.50 by Analysts at Barclays

Azul (NYSE:AZUL) had its price objective trimmed by Barclays from $10.00 to $4.50 in a report issued on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms have also recently commented on AZUL. JPMorgan Chase & Co. cut shares of Azul from an overweight rating to a neutral rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Azul from $8.00 to $6.00 and set a buy rating for the company in a research note on Tuesday, August 13th. Finally, Morgan Stanley initiated coverage on shares of Azul in a research note on Friday, May 24th. They issued an equal weight rating and a $7.40 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Azul has a consensus rating of Hold and an average target price of $9.60.

Azul Stock Up 5.9 %

Shares of NYSE:AZUL opened at $4.31 on Monday. The company’s fifty day moving average is $4.41 and its two-hundred day moving average is $6.01. The company has a market cap of $1.82 billion, a P/E ratio of -1.77 and a beta of 2.00. Azul has a 12-month low of $3.70 and a 12-month high of $11.26.

Azul (NYSE:AZUL) last posted its quarterly earnings results on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The company had revenue of $800.65 million during the quarter, compared to analysts’ expectations of $791.43 million. During the same quarter last year, the firm earned ($0.81) earnings per share. Equities research analysts anticipate that Azul will post -1.03 earnings per share for the current year.

Institutional Investors Weigh In On Azul

Large investors have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after buying an additional 2,812 shares in the last quarter. Inspire Advisors LLC raised its stake in shares of Azul by 19.4% in the 1st quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock valued at $145,000 after acquiring an additional 3,042 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Azul in the 4th quarter worth approximately $214,000. Coronation Fund Managers Ltd. boosted its position in Azul by 16.0% during the first quarter. Coronation Fund Managers Ltd. now owns 24,961 shares of the company’s stock worth $194,000 after purchasing an additional 3,450 shares during the period. Finally, Quantbot Technologies LP grew its holdings in Azul by 310.0% during the first quarter. Quantbot Technologies LP now owns 31,813 shares of the company’s stock valued at $247,000 after purchasing an additional 24,054 shares during the last quarter. 0.82% of the stock is currently owned by institutional investors.

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.