Azul (NYSE:AZUL) Hits New 1-Year Low at $2.13

Azul S.A. (NYSE:AZUL) shares hit a new 52-week low during trading on Monday . The company traded as low as $2.13 and last traded at $2.19, with a volume of 1481896 shares traded. The stock had previously closed at $2.32.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley initiated coverage on Azul in a research note on Friday, May 24th. They set an “equal weight” rating and a $7.40 price target on the stock. 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. JPMorgan Chase & Co. downgraded shares of Azul from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 10th. Finally, Hsbc Global Res raised shares of Azul to a “hold” rating in a report on Thursday, September 5th. One investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.23.

Azul Trading Up 3.8 %

The firm’s fifty day moving average price is $3.98 and its two-hundred day moving average price is $5.50. The stock has a market capitalization of $914.81 million, a PE ratio of -0.89 and a beta of 1.97.

Azul (NYSE:AZUL) last released its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.63). The business had revenue of $800.65 million for the quarter, compared to the consensus estimate of $791.43 million. During the same period last year, the firm earned ($0.81) earnings per share. As a group, sell-side analysts anticipate that Azul S.A. will post -1.39 earnings per share for the current fiscal year.

Institutional Trading of Azul

A number of institutional investors and hedge funds have recently made changes to their positions in AZUL. Long Focus Capital Management LLC raised its position in shares of Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of Azul by 10.4% during the first quarter. U S Global Investors Inc. now owns 874,798 shares of the company’s stock valued at $6,797,000 after acquiring an additional 82,077 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after acquiring an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its stake in shares of Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after acquiring an additional 290,465 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of 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 acquiring an additional 21,549 shares during the last quarter. 0.82% of the stock is currently owned by hedge funds and other 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.