2 weeks Ago By ABMN Staff
Shares of Azul S.A. ( NYSE:AZUL – Get Free Report ) traded up 6.
9% on Friday . The stock traded as high as $3.27 and last traded at $3.
26. 1,229,150 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 2,038,908 shares. The stock had previously closed at $3.
05. Analyst Ratings Changes Several research analysts have weighed in on the company. Barclays dropped their target price 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. JPMorgan Chase & Co.
lowered Azul from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 10th. Hsbc Global Res raised Azul to a “hold” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Azul from $8.
00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $6.
70 to $4.00 in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company.
According to MarketBeat, Azul has a consensus rating of “Hold” and an average price target of $6.59. Read Our Latest Analysis on AZUL Azul Stock 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 company had revenue of $800.65 million during the quarter, compared to analysts’ expectations of $791.
43 million. During the same period last year, the firm posted ($0.81) EPS.
On average, sell-side analysts forecast that Azul S.A. will post -1.
39 EPS for the current fiscal year. Institutional Trading of Azul Several hedge funds have recently added to or reduced their stakes in AZUL. Signaturefd LLC boosted its stake in Azul by 35.
9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after purchasing an additional 2,812 shares during the period. Sanctuary Advisors LLC bought a new stake in Azul during the 2nd quarter valued at approximately $51,000.
Inspire Advisors LLC boosted its stake in Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares during the period.
Coronation Fund Managers Ltd. boosted its stake in Azul by 9.5% during 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 during the period. Finally, Quantbot Technologies LP boosted its stake in Azul by 310.
0% during the 1st 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 period. 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.
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