Azul (NYSE:AZUL) Hits New 1-Year Low - Should You Sell?

Azul S.A. (NYSE:AZUL - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $1.47 and last traded at $1.49, with a volume of 148496 shares trading hands. The stock had previously closed at $1.56.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AZUL. The Goldman Sachs Group dropped their price target on Azul from $2.70 to $2.40 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Raymond James dropped their target price on Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Finally, Seaport Res Ptn downgraded shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.36.

Azul Stock Up 0.3 %

The company has a market cap of $621.82 million, a P/E ratio of -0.21 and a beta of 1.59. The company has a 50 day moving average price of $1.77 and a 200-day moving average price of $2.25.

Hedge Funds Weigh In On Azul

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trellis Wealth Advisors LLC acquired a new stake in shares of Azul in the 4th quarter worth approximately $32,000. Arrowstreet Capital Limited Partnership bought a new stake in Azul during the fourth quarter worth approximately $42,000. Two Sigma Securities LLC lifted its position in Azul by 44.6% in the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company's stock worth $49,000 after purchasing an additional 9,038 shares during the period. Inspire Advisors LLC lifted its position in Azul by 16.6% in the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company's stock worth $80,000 after purchasing an additional 6,844 shares during the period. Finally, Marshall Wace LLP bought a new position in Azul during the 4th quarter valued at $87,000. Institutional investors own 0.82% of the company's stock.

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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.