Azul (NYSE:AZUL - Get Free Report) was upgraded by investment analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.
Separately, The Goldman Sachs Group lowered their price objective on shares of Azul from $3.10 to $2.70 and set a "neutral" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $6.40.
Check Out Our Latest Report on AZUL
Azul Trading Down 0.2 %
Shares of Azul stock traded down $0.01 during trading on Thursday, hitting $2.35. The stock had a trading volume of 1,764,458 shares, compared to its average volume of 1,112,618. The firm has a market cap of $988.58 million, a price-to-earnings ratio of -0.33 and a beta of 1.95. Azul has a 12 month low of $1.57 and a 12 month high of $8.73. The business's 50-day moving average is $2.17 and its 200 day moving average is $3.06.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Long Focus Capital Management LLC boosted its position in Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company's stock valued at $17,816,000 after buying an additional 2,295,000 shares during the period. Perpetual Ltd raised its holdings in shares of Azul by 5.1% during the fourth quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock valued at $4,132,000 after acquiring an additional 119,023 shares in the last quarter. Marshall Wace LLP lifted its stake in Azul by 2,466.5% in the second 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 during the period. SPX Gestao de Recursos Ltda boosted its holdings in Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company's stock valued at $1,170,000 after acquiring an additional 290,465 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock valued at $699,000 after purchasing an additional 75,291 shares during the period. 0.82% of the stock is owned by institutional investors.
About Azul
(
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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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