Seaport Res Ptn Downgrades Azul (NYSE:AZUL) to Hold

Seaport Res Ptn downgraded shares of Azul (NYSE:AZUL) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,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 and FY2027 earnings at $0.42 EPS.

AZUL has been the topic of several other reports. 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. The Goldman Sachs Group cut their price objective on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.40.

Azul Price Performance

Shares of NYSE:AZUL opened at $1.84 on Wednesday. The firm has a market capitalization of $773.58 million, a PE ratio of -0.26 and a beta of 1.99. Azul has a 1 year low of $1.57 and a 1 year high of $8.73. The firm’s 50-day moving average is $2.00 and its two-hundred day moving average is $2.61.

Institutional Trading of Azul

A number of hedge funds and other institutional investors have recently made changes to their positions in AZUL. Trellis Wealth Advisors LLC acquired a new stake in shares of Azul in the 4th quarter valued at about $32,000. Creative Planning purchased a new stake in Azul in the third quarter valued at approximately $35,000. Arrowstreet Capital Limited Partnership purchased a new stake in Azul in the fourth quarter valued at approximately $42,000. Ground Swell Capital LLC purchased a new stake in Azul in the 3rd quarter valued at $44,000. Finally, Two Sigma Securities LLC boosted its stake in Azul by 44.6% during the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock worth $49,000 after purchasing an additional 9,038 shares during the period. Institutional investors and hedge funds own 0.82% of the company’s stock.

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.