Shares of Azul S.A. (NYSE:AZUL - Get Free Report) rose 3.1% during mid-day trading on Friday . The stock traded as high as $1.66 and last traded at $1.64. Approximately 245,384 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,917,609 shares. The stock had previously closed at $1.59.
Wall Street Analyst Weigh In
AZUL has been the subject of several research reports. Hsbc Global Res upgraded Azul to a "hold" rating in a research note on Thursday, September 5th. Seaport Res Ptn downgraded Azul from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. HSBC lowered Azul from a "buy" rating to a "hold" rating and set a $2.70 price objective on the stock. in a report on Thursday, September 5th. Finally, The Goldman Sachs Group reduced their target price on shares of Azul from $3.60 to $3.10 and set a "neutral" rating for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.46.
Get Our Latest Stock Report on AZUL
Azul Trading Up 2.5 %
The firm has a fifty day moving average price of $2.47 and a 200 day moving average price of $3.36. The firm has a market cap of $687.16 million, a PE ratio of -0.23 and a beta of 1.92.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in Azul in the third quarter valued at about $614,000. Jane Street Group LLC raised its stake in shares of Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock valued at $699,000 after acquiring an additional 75,291 shares during the period. Centiva Capital LP lifted its holdings in shares of Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company's stock worth $692,000 after acquiring an additional 135,365 shares during the last quarter. Ground Swell Capital LLC purchased a new position in shares of Azul during the 3rd quarter worth approximately $44,000. Finally, Inspire Advisors LLC boosted its position in shares of Azul by 84.0% during the 3rd quarter. Inspire Advisors LLC now owns 41,324 shares of the company's stock worth $142,000 after purchasing an additional 18,861 shares during the period. 0.82% of the stock is currently owned by hedge funds and other institutional investors.
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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