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Azul S.A. (NYSE: AZUL) Have Gained 19.64% YTD, Predicting What Happens Next In

Azul S.A. (NYSE:AZUL)’s traded shares stood at 3.54 million during the last session, with the company’s beta value hitting 1.16. At the close of trading, the stock’s price was $7.31, to imply an increase of 0.27% or $0.02 in intraday trading. The AZUL share’s 52-week high remains $16.89, putting it -131.05% down since that peak but still an impressive 47.74% since price per share fell to its 52-week low of $3.82. The company has a valuation of $931.07M, with an average of 10.24 million shares in intraday trading volume over the past 10 days and average of 3.91 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Azul S.A. (AZUL), translating to a mean rating of 2.80. Of 17 analyst(s) looking at the stock, 2 analyst(s) give AZUL a Sell rating. 1 of those analysts rate the stock as Overweight while 6 advise Hold as 7 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.44.

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Azul S.A. (NYSE:AZUL) trade information

After registering a 0.27% upside in the last session, Azul S.A. (AZUL) has traded red over the past five days. The stock hit a weekly high of 8.19 this Wednesday, 03/15/23, jumping 0.27% in its intraday price action. The 5-day price performance for the stock is 2.67%, and 49.49% over 30 days. With these gigs, the year-to-date price performance is 19.64%. Short interest in Azul S.A. (NYSE:AZUL) saw shorts transact 12.72 million shares and set a 6.35 days time to cover.

Analysts on Wall Street suggest a consensus price target of $62.76, implying an increase of 88.35% to the stock’s current value. The extremes give us $35.32 and $141.00 for target low and target high price respectively. As such, AZUL has been trading -1828.86% off suggested target high and -383.17% from its likely low.

Azul S.A. (AZUL) estimates and forecasts

Looking at statistics comparing Azul S.A. share performance against respective industry, we note that the company has outperformed competitors. Azul S.A. (AZUL) shares are -25.03% down over the last 6 months, with its year-to-date growth rate higher than industry average at 83.02% against -1.20%. Revenue is forecast to grow 25.40% this quarter before jumping 71.10% for the next one. The rating firms project that company’s revenue will grow 68.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $892.96 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $918.85 million.Earnings reports from the last fiscal year show that sales brought in $667.83 million and $611.9 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 33.70% before jumping 50.20% in the following quarter.

AZUL Dividends

Azul S.A. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Azul S.A. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Azul S.A. (NYSE:AZUL)’s Major holders

Azul S.A. insiders hold 0.00% of total outstanding shares, with institutional holders owning 32.42% of the shares at 32.42% float percentage. In total, 32.42% institutions holds shares in the company, led by Capital Research Global Investors. As of Sep 29, 2022, the company held over 7.68 million shares (or 6.86% of shares), all amounting to roughly $62.5 million.

The next major institution holding the largest number of shares is Oaktree Capital Management Lp with 4.38 million shares, or about 3.91% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $35.64 million.

We also have Smallcap World Fund and ETF Series Solutions-U.S. Global Jets ETF as the top two Mutual Funds with the largest holdings of the Azul S.A. (AZUL) shares. Going by data provided on Dec 30, 2022, Smallcap World Fund holds roughly 6.55 million shares. This is just over 5.85% of the total shares, with a market valuation of $40.01 million. Data from the same date shows that the other fund manager holds a little less at 1.21 million, or 1.09% of the shares, all valued at about 9.89 million.

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