Azul S.A. (NYSE:AZUL - Get Free Report) shot up 4.2% during trading on Wednesday . The company traded as high as $1.84 and last traded at $1.86. 21,522 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 1,233,727 shares. The stock had previously closed at $1.78.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AZUL. The Goldman Sachs Group reduced their target price on Azul from $3.10 to $2.70 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Raymond James lowered their target price on shares of Azul from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Azul presently has a consensus rating of "Hold" and an average target price of $5.40.
Read Our Latest Stock Analysis on Azul
Azul Stock Performance
The stock has a market capitalization of $731.43 million, a price-to-earnings ratio of -0.24 and a beta of 1.98. The firm's fifty day simple moving average is $2.01 and its 200 day simple moving average is $2.37.
Institutional Investors Weigh In On Azul
Several institutional investors have recently added to or reduced their stakes in the stock. Long Focus Capital Management LLC raised its stake in shares of Azul by 18.0% in the 4th quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company's stock valued at $9,908,000 after purchasing an additional 905,463 shares during the period. Kapitalo Investimentos Ltda grew its holdings in shares of Azul by 505.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company's stock worth $900,000 after buying an additional 449,855 shares in the last quarter. XTX Topco Ltd acquired a new stake in Azul in the 3rd quarter valued at approximately $614,000. Centiva Capital LP lifted its stake in Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company's stock valued at $692,000 after acquiring an additional 135,365 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Azul during the 4th quarter worth approximately $220,000. 0.82% of the stock is owned by 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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