Shares of Azul S.A. (NYSE:AZUL - Get Free Report) fell 6.7% during trading on Wednesday . The company traded as low as $1.95 and last traded at $1.90. 191,533 shares traded hands during trading, a decline of 86% from the average session volume of 1,375,986 shares. The stock had previously closed at $2.03.
Analysts Set New Price Targets
A number of brokerages recently commented on AZUL. Raymond James dropped their price target on shares of Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group decreased their target price on shares of Azul from $3.10 to $2.70 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Seaport Res Ptn raised shares of Azul from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $5.40.
Read Our Latest Research Report on Azul
Azul Trading Down 4.0 %
The stock's fifty day moving average is $2.00 and its two-hundred day moving average is $2.67. The firm has a market cap of $760.93 million, a P/E ratio of -0.25 and a beta of 2.00.
Hedge Funds Weigh In On Azul
A number of institutional investors have recently made changes to their positions in the stock. Long Focus Capital Management LLC increased its holdings 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 worth $9,908,000 after buying an additional 905,463 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Azul by 5.1% in the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock worth $4,132,000 after buying an additional 119,023 shares during the last quarter. Kapitalo Investimentos Ltda increased its holdings in shares of Azul by 505.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company's stock worth $900,000 after buying an additional 449,855 shares during the last quarter. Jane Street Group LLC increased its holdings 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 worth $699,000 after buying an additional 75,291 shares during the last quarter. Finally, Centiva Capital LP increased 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 buying an additional 135,365 shares during the last quarter. Institutional investors own 0.82% of the company's stock.
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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