Azul (NYSE:AZUL) Given New $5.00 Price Target at Raymond James

Azul (NYSE:AZUL - Free Report) had its target price reduced by Raymond James from $6.00 to $5.00 in a research report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

AZUL has been the topic of a number of other research reports. Seaport Res Ptn raised shares of Azul from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on Azul from $3.10 to $2.70 and set a "neutral" rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.40.

Azul Stock Down 4.7 %

Shares of NYSE:AZUL traded down $0.10 on Tuesday, reaching $1.95. 3,009,674 shares of the company's stock were exchanged, compared to its average volume of 1,391,766. Azul has a fifty-two week low of $1.57 and a fifty-two week high of $8.73. The business's 50-day moving average is $2.08 and its two-hundred day moving average is $2.84. The firm has a market capitalization of $819.96 million, a price-to-earnings ratio of -0.27 and a beta of 2.00.

Institutional Trading of Azul

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock valued at $699,000 after purchasing an additional 75,291 shares during the period. Perpetual Ltd grew its position in Azul by 5.1% in the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock valued at $4,132,000 after buying an additional 119,023 shares in the last quarter. Creative Planning acquired a new position in Azul during the 3rd quarter valued at about $35,000. Sanctuary Advisors LLC bought a new stake in shares of Azul during the 2nd quarter worth about $51,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Azul in the 3rd quarter worth approximately $44,000. Institutional investors own 0.82% of the company's stock.

About Azul

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.