In yesterday’s Wall Street session, Azul S.A. (NYSE:AZUL) shares traded at $11.55, down -8.41% from the previous session.
As of this writing, 14 analysts cover Azul S.A. (NYSE:AZUL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.93 and a low of $39.27, we find $72.91. Given the previous closing price of $12.61, this indicates a potential upside of 478.19 percent. AZUL stock price is now 16.53% away from the 50-day moving average and 46.96% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
There are 6 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $71.53 as their price target over the next twelve months.
With the price target enhanced from $6.90 to $11, BofA Securities Upgraded its rating from Underperform to Neutral for Azul S.A. (NYSE: AZUL).
There have been several recent changes in the stakes of large investors in AZUL stock. A new stake in Azul S.A. shares was purchased by PERPETUAL LTD during the first quarter worth $28,088,000. SENATOR INVESTMENT GROUP LP invested $17,325,000 in shares of AZUL during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Azul S.A. valued at approximately $3,117,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in AZUL for approximately $1,625,000. ENGINEERS GATE MANAGER LP purchased a new stake in AZUL valued at around $960,000 in the second quarter. In total, there are 86 active investors with 32.80% ownership of the company’s stock.
Thursday morning saw Azul S.A. (NYSE: AZUL) opened at $12.06. During the past 12 months, Azul S.A. has had a low of $3.82 and a high of $13.86. The fifty day moving average price for AZUL is $10.02 and a two-hundred day moving average price translates $7.87 for the stock.
The latest earnings results from Azul S.A. (NYSE: AZUL) was released for Mar, 2023. According to the Airlines Company, earnings per share came in at -$0.99, missing analysts’ expectations of -$0.34 by -0.65. This compares to $3.75 EPS in the same period last year. The net profit margin was -21.50% and return on equity was 19.20% for AZUL. The company reported revenue of $862.07 million for the quarter, compared to $611.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.06 percent. For the current quarter, analysts expect AZUL to generate $904.76M in revenue.
Azul S.A.(AZUL) Company Profile
Azul S.A., together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft. It is also involved in the cargo transportation, loyalty programs, travel packages, funding, logistics solutions, and aircraft financing activities. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
