Shares of Azul S.A. (NYSE:AZUL - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $1.82, but opened at $1.94. Azul shares last traded at $2.01, with a volume of 928,994 shares.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday. The Goldman Sachs Group decreased their price target on shares of Azul from $3.10 to $2.70 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Raymond James decreased their price target on shares of Azul from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.40.
View Our Latest Analysis on AZUL
Azul Price Performance
The stock's fifty day moving average price is $2.00 and its 200-day moving average price is $2.60. The firm has a market cap of $790.44 million, a price-to-earnings ratio of -0.26 and a beta of 1.99.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AZUL. Trellis Wealth Advisors LLC purchased a new position in Azul during the fourth quarter valued at approximately $32,000. Creative Planning bought a new stake in Azul in the third quarter worth approximately $35,000. Arrowstreet Capital Limited Partnership bought a new stake in Azul in the fourth quarter worth approximately $42,000. Ground Swell Capital LLC bought a new stake in Azul in the third quarter worth approximately $44,000. Finally, Two Sigma Securities LLC grew 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 acquiring an additional 9,038 shares in the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.
Azul Company Profile
(
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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