1 week Ago By ABMN Staff
Hsbc Global Res upgraded shares of Azul ( NYSE:AZUL – Free Report ) to a hold rating in a research report report published on Thursday morning, Zacks.com reports. Several other analysts have also recently commented on AZUL.
Barclays reduced their target price on shares of Azul from $10.00 to $4.50 and set an equal weight rating for the company in a research note on Monday, August 19th.
Morgan Stanley initiated coverage on shares of Azul in a research report on Friday, May 24th. They issued an equal weight rating and a $7.40 price objective for the company.
Deutsche Bank Aktiengesellschaft lowered their price objective on Azul from $8.00 to $6.00 and set a buy rating on the stock in a report on Tuesday, August 13th.
HSBC downgraded Azul from a buy rating to a hold rating and set a $2.70 target price for the company. in a research note on Thursday.
Finally, JPMorgan Chase & Co. downgraded Azul from an overweight rating to a neutral rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company.
According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $8.23.
Check Out Our Latest Stock Report on AZUL Azul Price Performance Azul ( NYSE:AZUL – Get Free Report ) last announced its 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 firm had revenue of $800.
65 million for the quarter, compared to analyst estimates of $791.43 million. During the same period last year, the business earned ($0.
81) EPS. Sell-side analysts expect that Azul will post -1.45 EPS for the current fiscal year.
Institutional Trading of Azul Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coronation Fund Managers Ltd. lifted its holdings in Azul by 9.
5% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock valued at $109,000 after purchasing an additional 2,380 shares in the last quarter.
Signaturefd LLC raised its position in shares of Azul by 35.9% in 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 during the last quarter.
Inspire Advisors LLC lifted its stake in shares of Azul by 19.4% during the first quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock valued at $145,000 after buying an additional 3,042 shares during the period.
Sanctuary Advisors LLC acquired a new stake in Azul during the second quarter worth approximately $51,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in Azul by 46.4% in the 4th quarter.
Dynamic Technology Lab Private Ltd now owns 68,004 shares of the company’s stock worth $659,000 after acquiring an additional 21,549 shares during the period. Hedge funds and other institutional investors own 0.82% of the company’s stock.
About Azul ( Get Free Report ) 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. Read More Receive News & Ratings for Azul Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azul and related companies with MarketBeat.
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