Barclays Lowers Azul (NYSE:AZUL) Price Target to $4.50

Azul (NYSE:AZUL) had its target price decreased by Barclays from $10.00 to $4.50 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 8.17% from the stock’s previous close.

Several other analysts have also issued reports on the company. Morgan Stanley began coverage on Azul in a research note on Friday, May 24th. They issued an “equal weight” rating and a $7.40 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered shares of Azul from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 10th. 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. Based on data from MarketBeat.com, Azul currently has an average rating of “Hold” and a consensus price target of $9.60.

Azul Price Performance

NYSE:AZUL opened at $4.16 on Monday. Azul has a 1 year low of $3.70 and a 1 year high of $11.26. The company has a market cap of $1.75 billion, a P/E ratio of -1.70 and a beta of 2.00. The stock’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $5.98.

Azul (NYSE:AZUL) last issued its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.63). The company had revenue of $800.65 million during the quarter, compared to the consensus estimate of $791.43 million. During the same quarter in the previous year, the business earned ($0.81) EPS. On average, analysts expect that Azul will post -1.03 earnings per share for the current fiscal year.

Institutional Trading of Azul

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aigen Investment Management LP bought a new position in shares of Azul during the fourth quarter valued at $214,000. Quantbot Technologies LP raised its holdings in Azul by 310.0% in the 1st quarter. Quantbot Technologies LP now owns 31,813 shares of the company’s stock worth $247,000 after purchasing an additional 24,054 shares during the period. Coronation Fund Managers Ltd. grew its holdings in Azul by 16.0% during the first quarter. Coronation Fund Managers Ltd. now owns 24,961 shares of the company’s stock valued at $194,000 after purchasing an additional 3,450 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Azul by 46.4% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 68,004 shares of the company’s stock worth $659,000 after buying an additional 21,549 shares in the last quarter. Finally, Inspire Advisors LLC raised its stake in Azul by 19.4% during the 1st quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock worth $145,000 after acquiring an additional 3,042 shares during the period. 0.82% of the stock is owned by hedge funds and other institutional investors.

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.