Barclays Issues Pessimistic Forecast for Azul (NYSE:AZUL) Stock Price

Azul (NYSE:AZUL) had its target price cut by Barclays from $4.50 to $0.50 in a research report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also weighed in on AZUL. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Raymond James lowered shares of Azul from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, The Goldman Sachs Group lowered their price target on shares of Azul from $2.70 to $2.40 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.00.

Azul Price Performance

Shares of AZUL opened at $0.55 on Friday. The firm has a market capitalization of $230.18 million, a PE ratio of -0.08 and a beta of 1.88. Azul has a 1-year low of $0.48 and a 1-year high of $6.29. The company’s fifty day moving average price is $1.32 and its 200-day moving average price is $1.86.

Azul (NYSE:AZUL) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($2.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($2.21). The firm had revenue of $923.68 million for the quarter, compared to analysts’ expectations of $5.31 billion. As a group, research analysts anticipate that Azul will post -1.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Azul

Several hedge funds have recently added to or reduced their stakes in AZUL. Long Focus Capital Management LLC boosted its holdings in Azul by 18.0% in the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock valued at $9,908,000 after purchasing an additional 905,463 shares during the last quarter. Kapitalo Investimentos Ltda boosted its stake in shares of Azul by 505.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after acquiring an additional 449,855 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Azul during the 4th quarter worth about $220,000. Perpetual Ltd boosted its stake in shares of Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock worth $4,132,000 after acquiring an additional 119,023 shares in the last quarter. Finally, Fore Capital LLC purchased a new stake in shares of Azul during the 4th quarter worth about $167,000. 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.