Azul S.A. (NYSE:AZUL - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $1.65 and last traded at $1.65, with a volume of 49750 shares changing hands. The stock had previously closed at $1.79.
Analysts Set New Price Targets
AZUL has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price objective on Azul from $3.60 to $3.10 and set a "neutral" rating for the company in a research note on Thursday. Seaport Res Ptn cut shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Hsbc Global Res raised shares of Azul to a "hold" rating in a research note on Thursday, September 5th. Finally, HSBC cut shares of Azul from a "buy" rating to a "hold" rating and set a $2.70 target price for the company. in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.46.
Read Our Latest Stock Report on AZUL
Azul Stock Performance
The company has a market capitalization of $682.95 million, a price-to-earnings ratio of -0.23 and a beta of 1.92. The business's 50 day moving average price is $2.57 and its two-hundred day moving average price is $3.41.
Hedge Funds Weigh In On Azul
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company's stock valued at $43,000 after purchasing an additional 2,812 shares in the last quarter. Inspire Advisors LLC boosted its holdings in Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company's stock worth $90,000 after buying an additional 3,764 shares in the last quarter. Creative Planning acquired a new position in Azul in the third quarter worth approximately $35,000. Ground Swell Capital LLC bought a new position in shares of Azul in the third quarter valued at $44,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Azul during the 2nd quarter valued at $51,000. 0.82% of the stock is owned by institutional investors.
About Azul
(
Get Free Report)
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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