128 institutions hold shares in Azul S.A. (AZUL), with institutional investors hold 38.05% of the company’s shares. The shares outstanding are 118.23M, and float is at 89.96M with Short Float at 10.39%. Institutions hold 38.05% of the Float.
The top institutional shareholder in the company is Capital Research Global Investors with over 12.67 million shares valued at $289.1 million. The investor’s holdings represent 11.46% of the AZUL Shares outstanding. As of Dec 30, 2020, the second largest holder is Federated Hermes, Inc. with 2.86 million shares valued at $65.15 million to account for 2.58% of the shares outstanding. The other top investors are Hood River Capital Management LLC which holds 2.29 million shares representing 2.07% and valued at over $52.23 million, while Oaktree Capital Management, LP holds 2.05% of the shares totaling 2.26 million with a market value of $51.63 million.
Azul S.A. (NYSE: AZUL) is -1.58% lower on its value in year-to-date trading and has touched a low of $5.60 and a high of $25.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AZUL stock was last observed hovering at around $21.64 in the last trading session, with the day’s gains setting it 0.82% off its average median price target of $129.50 for the next 12 months. It is also 84.84% off the consensus price target high of $148.12 offered by 11 analysts, but current levels are 53.21% higher than the price target low of $48.00 for the same period.
Currently trading at $22.46, the stock is 8.21% and 5.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 3.79% at the moment leaves the stock 25.08% off its SMA200. AZUL registered 156.98% gain for a year compared to 6-month gain of 60.54%. The firm has a 50-day simple moving average (SMA 50) of $20.92 and a 200-day simple moving average (SMA200) of $20.28.
The stock witnessed a 18.46% loss in the last 1 month and extending the period to 3 months gives it a 3.26%, and is 8.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 3.37% over the month.
Azul S.A. (AZUL) has around 9557 employees, a market worth around $2.48B and $1.06B in sales. Distance from 52-week low is 301.07% and -13.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.30%).
Azul S.A. (AZUL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Azul S.A. (AZUL) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 2.70, where 5 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Azul S.A. is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at -$1.21 with sales reaching $310.71M over the same period.The EPS is expected to shrink by -322.10% this year, but quarterly earnings will post 50.90% year-over-year. Quarterly sales are estimated to shrink -41.00% in year-over-year returns.
Azul S.A. (AZUL): Who are the competitors?
JetBlue Airways Corporation (JBLU) is 121.95% up on the 1-year trading charts. Short interest in the company’s stock has risen 15.08% from the last report on Apr 14, 2021 to stand at a total of 9.35 million short shares sold with a short interest ratio of 7.64.