Shares of Azul S.A. (NYSE:AZUL - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.81, but opened at $1.95. Azul shares last traded at $1.97, with a volume of 311,759 shares traded.
Wall Street Analysts Forecast Growth
AZUL has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on Azul from $3.60 to $3.10 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Seaport Res Ptn downgraded Azul from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $6.46.
Check Out Our Latest Stock Report on AZUL
Azul Trading Up 11.0 %
The firm's fifty day moving average price is $2.32 and its two-hundred day moving average price is $3.19. The stock has a market capitalization of $847.36 million, a PE ratio of -0.28 and a beta of 1.95.
Hedge Funds Weigh In On Azul
Several institutional investors and hedge funds have recently modified their holdings of the business. Long Focus Capital Management LLC grew its holdings in Azul by 106.3% in the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company's stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the period. Marshall Wace LLP increased its holdings in Azul by 2,466.5% in the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company's stock worth $2,395,000 after acquiring an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda raised its position in Azul by 13,831.7% during the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company's stock worth $1,170,000 after acquiring an additional 290,465 shares during the period. XTX Topco Ltd purchased a new position in Azul during the third quarter valued at $614,000. Finally, Centiva Capital LP increased its stake in shares of Azul by 205.3% during the third quarter. Centiva Capital LP now owns 201,290 shares of the company's stock worth $692,000 after purchasing an additional 135,365 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company's stock.
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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