Azul S.A. ADR (NYSE: AZUL) stock jumped 1.50% on Monday to $10.81 against a previous-day closing price of $10.65. With 0.87 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.4 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $10.84 whereas the lowest price it dropped to was $10.61. The 52-week range on AZUL shows that it touched its highest point at $13.86 and its lowest point at $3.82 during that stretch. It currently has a 1-year price target of $13.94. Beta for the stock currently stands at 1.79.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AZUL was up-trending over the past week, with a rise of 15.25%, but this was up by 47.28% over a month. Three-month performance surged to 11.67% while six-month performance rose 16.24%. The stock gained 48.69% in the past year, while it has gained 76.92% so far this year. A look at the trailing 12-month EPS for AZUL yields -2.68 with Next year EPS estimates of 0.73. For the next quarter, that number is 0.23. This implies an EPS growth rate of 81.43% for this year and 233.32% for next year.
Float and Shares Shorts:
On Oct 30, 2023, short shares totaled 4.06 million, which was 3.50% higher than short shares on Sep 28, 2023. In addition to Mr. John Peter Rodgerson as the firm’s CEO & Member of Board of Executive Officers, Mr. Alexandre Wagner Malfitani serves as its CFO, Investor Relations Officer & Member of Board of Executive Officers.
Institutional Ownership:
Through their ownership of 34.39% of AZUL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.93% of AZUL, in contrast to 19.00% held by mutual funds. As the largest shareholder in AZUL with 7.01% of the stake, Frontier Capital Management Co. L holds 7,839,944 shares worth 7,839,944. A second-largest stockholder of AZUL, J.O. Hambro Capital Management Lt, holds 3,014,802 shares, controlling over 2.69% of the firm’s shares. Oaktree Capital Management LP is the third largest shareholder in AZUL, holding 1,580,850 shares or 1.41% stake. With a 0.94% stake in AZUL, the JOHCM Emerging Markets Opportunit is the largest stakeholder. A total of 1,050,564 shares are owned by the mutual fund manager. The US Global Jets ETF, which owns about 0.90% of AZUL stock, is the second-largest Mutual Fund holder. It holds 1,009,062 shares valued at 7.67 million. Pictet TR – Diversified Alpha holds 0.30% of the stake in AZUL, owning 331,882 shares worth 2.52 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AZUL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AZUL analysts setting a high price target of $92.44 and a low target of $41.10, the average target price over the next 12 months is $67.79. Based on these targets, AZUL could surge 755.13% to reach the target high and rise by 280.2% to reach the target low. Reaching the average price target will result in a growth of 527.1% from current levels.
