The Goldman Sachs Group Lowers Azul (NYSE:AZUL) Price Target to $2.70

Azul (NYSE:AZUL - Free Report) had its target price cut by The Goldman Sachs Group from $3.10 to $2.70 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Seaport Res Ptn downgraded shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Azul has an average rating of "Hold" and an average price target of $6.40.

Azul Stock Down 0.2 %

Shares of NYSE:AZUL traded down $0.01 during trading on Thursday, reaching $2.35. The stock had a trading volume of 1,764,458 shares, compared to its average volume of 1,308,114. The stock has a fifty day simple moving average of $2.17 and a two-hundred day simple moving average of $3.06. Azul has a 52 week low of $1.57 and a 52 week high of $8.73. The firm has a market capitalization of $988.58 million, a price-to-earnings ratio of -0.33 and a beta of 1.95.

Institutional Trading of Azul

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning acquired a new position in shares of Azul during the third quarter valued at about $35,000. Ground Swell Capital LLC bought a new position in Azul during the third quarter valued at about $44,000. Sanctuary Advisors LLC acquired a new position in Azul in the 2nd quarter valued at approximately $51,000. Inspire Advisors LLC raised its holdings in Azul by 84.0% in the 3rd quarter. Inspire Advisors LLC now owns 41,324 shares of the company's stock valued at $142,000 after acquiring an additional 18,861 shares in the last quarter. Finally, Jane Street Group LLC lifted its position 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 acquiring an additional 75,291 shares during the period. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.