Shares of Azul S.A. (NYSE:AZUL - Get Free Report) have been given a consensus recommendation of "Hold" by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.40.
Several equities analysts have recently issued reports on AZUL shares. The Goldman Sachs Group cut their price objective 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. Raymond James cut 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. Finally, Seaport Res Ptn downgraded shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th.
Check Out Our Latest Research Report on Azul
Azul Price Performance
Shares of AZUL stock traded down $0.03 during mid-day trading on Monday, hitting $1.85. 768,887 shares of the stock traded hands, compared to its average volume of 1,247,258. The stock has a market cap of $777.80 million, a P/E ratio of -0.26 and a beta of 1.98. The stock's fifty day moving average is $2.02 and its two-hundred day moving average is $2.39. Azul has a 52-week low of $1.57 and a 52-week high of $8.70.
Institutional Investors Weigh In On Azul
Hedge funds have recently bought and sold shares of the stock. Trellis Wealth Advisors LLC purchased a new stake in Azul in the 4th quarter worth approximately $32,000. Arrowstreet Capital Limited Partnership acquired a new stake in Azul in the 4th quarter valued at $42,000. Two Sigma Securities LLC increased its holdings in Azul by 44.6% in the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company's stock worth $49,000 after acquiring an additional 9,038 shares in the last quarter. Inspire Advisors LLC increased its holdings in Azul by 16.6% in the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company's stock worth $80,000 after acquiring an additional 6,844 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Azul during the fourth quarter worth $87,000. Hedge funds and other institutional investors own 0.82% of the company's stock.
About Azul
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Get Free ReportAzul 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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