Azul (NYSE:AZUL - Get Free Report) had its price target reduced by analysts at The Goldman Sachs Group from $3.60 to $3.10 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective suggests a potential upside of 75.14% from the company's current price.
Several other equities research analysts also recently weighed in on the stock. HSBC downgraded shares of Azul from a "buy" rating to a "hold" rating and set a $2.70 target price on the stock. in a research note on Thursday, September 5th. Seaport Res Ptn cut Azul from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. Finally, Hsbc Global Res upgraded Azul to a "hold" rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $6.46.
Get Our Latest Report on AZUL
Azul Trading Up 4.7 %
Azul stock traded up $0.08 during midday trading on Thursday, reaching $1.77. 1,958,252 shares of the stock traded hands, compared to its average volume of 1,938,698. The firm has a market cap of $746.18 million, a PE ratio of -0.25 and a beta of 1.92. The company has a 50-day simple moving average of $2.69 and a two-hundred day simple moving average of $3.51. Azul has a 12-month low of $1.66 and a 12-month high of $10.36.
Institutional Investors Weigh In On Azul
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Long Focus Capital Management LLC increased its stake in Azul by 106.3% in the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company's stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. Perpetual Ltd boosted its holdings in shares of Azul by 4.5% in the 3rd quarter. Perpetual Ltd now owns 2,354,953 shares of the company's stock valued at $8,101,000 after buying an additional 100,639 shares in the last quarter. Marshall Wace LLP raised its stake in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company's stock worth $2,395,000 after acquiring an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its position in Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company's stock valued at $1,170,000 after acquiring an additional 290,465 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Azul by 58.9% in the third quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock valued at $699,000 after acquiring an additional 75,291 shares in the last quarter. Institutional investors and hedge funds own 0.82% of the company's stock.
About Azul
(
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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.
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