Azul S.A. (NYSE:AZUL) Receives $5.40 Consensus Price Target from Analysts

Shares of Azul S.A. (NYSE:AZUL - Get Free Report) have received an average rating of "Hold" from the ten research firms that are currently covering the stock, Marketbeat.com reports. 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 given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.40.

AZUL has been the topic of several analyst reports. The Goldman Sachs Group cut their price target 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. Seaport Res Ptn raised shares of Azul from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 16th. Finally, Raymond James dropped their price objective on shares of Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th.

Azul Stock Performance

Shares of NYSE:AZUL traded down $0.10 during midday trading on Thursday, hitting $1.79. 997,803 shares of the stock were exchanged, compared to its average volume of 1,361,148. Azul has a 12 month low of $1.57 and a 12 month high of $8.73. The business's 50-day moving average price is $2.00 and its 200 day moving average price is $2.68. The stock has a market capitalization of $752.50 million, a price-to-earnings ratio of -0.25 and a beta of 2.00.

Hedge Funds Weigh In On Azul

A number of institutional investors have recently bought and sold shares of the business. Creative Planning acquired a new stake in shares of Azul in the third quarter valued at approximately $35,000. Ground Swell Capital LLC acquired a new position in shares of Azul in the 3rd quarter worth approximately $44,000. 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. Jane Street Group LLC lifted its holdings in Azul by 58.9% during 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 in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Azul during the 3rd quarter worth approximately $614,000. 0.82% of the stock is owned by hedge funds and other institutional investors.

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.