Azul (NYSE:AZUL) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Azul S.A. (NYSE:AZUL - Get Free Report) saw an uptick in trading volume on Tuesday . 1,632,383 shares changed hands during mid-day trading, an increase of 18% from the previous session's volume of 1,386,159 shares.The stock last traded at $1.80 and had previously closed at $1.86.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AZUL. Raymond James lowered their price objective on Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered their price objective on Azul from $3.10 to $2.70 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Seaport Res Ptn upgraded Azul from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Azul has a consensus rating of "Hold" and an average price target of $5.40.

Azul Trading Up 3.4 %

The firm has a market capitalization of $836.82 million, a price-to-earnings ratio of -0.28 and a beta of 2.00. The firm has a fifty day moving average price of $2.02 and a 200 day moving average price of $2.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock worth $699,000 after buying an additional 75,291 shares in the last quarter. Perpetual Ltd lifted its holdings in Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock worth $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 worth $35,000. Sanctuary Advisors LLC acquired a new position in Azul during the 2nd quarter worth $51,000. Finally, Ground Swell Capital LLC acquired a new position in Azul during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 0.82% of the company's stock.

Azul Company Profile

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.