Azul (NYSE:AZUL) Downgraded to Hold Rating by Seaport Res Ptn

Seaport Res Ptn lowered shares of Azul (NYSE:AZUL) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for Azul’s Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.24) EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.33 EPS, FY2025 earnings at $0.30 EPS, FY2026 earnings at $0.39 EPS and FY2027 earnings at $0.42 EPS.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group cut their price target on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Raymond James cut their target price on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Azul has a consensus rating of “Hold” and an average price target of $5.40.

Azul Stock Down 1.1 %

NYSE:AZUL opened at $1.85 on Wednesday. Azul has a 52 week low of $1.57 and a 52 week high of $8.73. The company has a fifty day simple moving average of $2.00 and a two-hundred day simple moving average of $2.60. The company has a market cap of $779.90 million, a price-to-earnings ratio of -0.26 and a beta of 1.99.

Hedge Funds Weigh In On Azul

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning acquired a new position in shares of Azul in the 3rd quarter valued at $35,000. Ground Swell Capital LLC purchased a new position in shares of Azul during the third quarter worth about $44,000. Centiva Capital LP increased its position in shares of Azul by 205.3% during the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after purchasing an additional 135,365 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after purchasing an additional 75,291 shares during the period. Finally, XTX Topco Ltd purchased a new position in Azul during the 3rd quarter worth approximately $614,000. 0.82% of the stock is owned by institutional investors and hedge funds.

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.