Capital Research & Management Co.. recently announced the acquisition of new stake in Azul S.A. (NYSE:AZUL). The institutional investor has increased its shareholding in the Industrials company by 9.30% to 4.05 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 3.69% valued currently at $46.76 million. In addition, Thorntree Capital Partners LP raised its holdings by 0.3 million to 2.33 million shares. And Morgan Stanley Uruguay Ltda. has lifted its position by 2,382.90% or 2.07 million shares – to 2.16 million shares.
With over 1.71 million Azul S.A. (AZUL) shares trading Tuesday and a closing price of $12.77 on the day, the dollar volume was approximately $21.86 million. The shares have shown a positive weekly performance of 6.86% and its price on 09/01/20 gained nearly 5.10%. Currently, there are 119.93M common shares owned by the public and among those 6.69M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for AZUL have a consensus price objective of $83.67. The analysts have set the share’s price value over the next 12 months at a high of $198.00 and a low of $46.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Azul S.A. stock is 2.60 for the next 12 months. The average price target is -3.91% below its last price level and a downside to the estimated low will see the stock gain 72.54% over that period. But an upside of 93.55% will see the stock hit the forecast high price target while mean target price for the stock is $76.10.
The top 3 mutual fund holders in Azul S.A. are American Funds Small Cap World Fu, BlackRock Global Allocation Fund, and Government Pension Fund – Global. American Funds Small Cap World Fu owns 2.59 million shares of the company’s stock, all valued at over $29.87 million. The company bought an additional 0.26 million shares recently to bring their total holdings to about 2.36% of the shares outstanding. BlackRock Global Allocation Fund sold -0.37 million shares to see its total holdings shrink to 2.12 million shares valued at over $24.43 million and representing 1.93% of the shares outstanding. Government Pension Fund – Global sold -0.28 million shares to bring its total holdings to over 1.82 million shares at a value of $20.96 million. Government Pension Fund – Global now owns shares totaling to 1.65% of the shares outstanding.
Shares of Azul S.A. (NYSE: AZUL) opened at $12.37, up $0.22 from a prior closing price of $12.15. However, the script later closed the day at $12.77, up 5.10%. The company’s stock has a 5-day price change of 6.86% and 16.83% over the past three months. AZUL shares are trading -70.16% year to date (YTD), with the 12-month market performance down to -61.51% lower. It has a 12-month low price of $5.30 and touched a high of $44.55 over the same period. Currently, 1.71 million shares have been traded, compared to an average intraday trading volume of 3.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.83%, 6.83%, and -41.24% respectively.
Institutional ownership of Azul S.A. (NYSE: AZUL) shares accounts for 28.50% of the company’s 119.93M shares outstanding. Mutual fund holders own 12.79%, while other institutional holders and individual stakeholders account for 16.19% and — respectively.
It has a market capitalization of $1.33B and a beta (3y monthly) value of 1.02. The earnings-per-share (ttm) stands at -$18.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.24% over the week and 5.47% over the month.
Analysts forecast that Azul S.A. (AZUL) will achieve an EPS of -$1.12 for the current quarter, -$0.77 for the next quarter and $0.06 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.32 while analysts give the company a high EPS estimate of -$0.78. Comparatively, EPS for the current quarter was $0.92 a year ago. Earnings per share for the fiscal year are expected to decrease by -274.50%, and 101.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Azul S.A. (AZUL) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 8 of the 12 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the AZUL, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on July 17, 2020, with the firm’s price target at. BofA/Merrill coverage for the Azul S.A. (AZUL) stock in a research note released on May 28, 2020 offered a Neutral rating with a price target of $10. Morgan Stanley was of a view on April 24, 2020 that the stock is Equal-Weight, while Deutsche Bank gave the stock Hold rating on March 17, 2020, issuing a price target of. Raymond James on their part issued Mkt Perform rating on December 19, 2019.