Brokerages Set Azul S.A. (NYSE:AZUL) Target Price at $5.36

Azul S.A. (NYSE:AZUL - Get Free Report) has received a consensus rating of "Hold" from the ten analysts that are currently covering the stock, Marketbeat reports. One 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. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.36.

A number of research analysts have commented on the stock. Seaport Res Ptn downgraded shares of Azul from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on shares of Azul from $2.70 to $2.40 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Finally, Raymond James decreased their target price on Azul from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th.

Hedge Funds Weigh In On Azul

A number of hedge funds and other institutional investors have recently modified their holdings of AZUL. Jane Street Group LLC grew its holdings in shares of 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 acquiring an additional 75,291 shares in the last quarter. XTX Topco Ltd bought a new stake in Azul in the third quarter worth approximately $614,000. Perpetual Ltd raised its holdings in shares of Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock valued at $4,132,000 after purchasing an additional 119,023 shares in the last quarter. Van ECK Associates Corp increased its position in Azul by 16.3% during the fourth quarter. Van ECK Associates Corp now owns 63,338 shares of the company's stock worth $106,000 after buying an additional 8,899 shares during the last quarter. Finally, Trellis Wealth Advisors LLC bought a new position in shares of Azul in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 0.82% of the company's stock.

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Azul Stock Down 1.0 %

Shares of Azul stock traded down $0.02 during trading hours on Friday, hitting $1.51. 53,910 shares of the company's stock traded hands, compared to its average volume of 1,160,153. The company has a market cap of $634.46 million, a PE ratio of -0.21 and a beta of 1.59. Azul has a twelve month low of $1.37 and a twelve month high of $6.64. The stock has a 50 day simple moving average of $1.75 and a 200-day simple moving average of $2.23.

Azul Company Profile

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.