Azul (NYSE:AZUL - Free Report) had its price objective trimmed by The Goldman Sachs Group from $2.70 to $2.40 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.
AZUL has been the topic of several other reports. 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. Seaport Res Ptn downgraded shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.36.
Check Out Our Latest Stock Analysis on Azul
Azul Price Performance
Shares of AZUL traded down $0.06 during mid-day trading on Tuesday, hitting $1.68. The stock had a trading volume of 681,690 shares, compared to its average volume of 1,896,060. The firm has a market cap of $709.50 million, a P/E ratio of -0.24 and a beta of 1.98. Azul has a 52 week low of $1.57 and a 52 week high of $8.24. The business has a fifty day moving average price of $1.96 and a 200-day moving average price of $2.35.
Institutional Trading of Azul
Institutional investors and hedge funds have recently bought and sold shares of the company. Long Focus Capital Management LLC grew its position in shares of Azul by 18.0% during the 4th quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company's stock valued at $9,908,000 after purchasing an additional 905,463 shares in the last quarter. Perpetual Ltd grew its position in Azul by 5.1% during the fourth quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock worth $4,132,000 after buying an additional 119,023 shares in the last quarter. Kapitalo Investimentos Ltda increased its stake in Azul by 505.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company's stock worth $900,000 after acquiring an additional 449,855 shares during the last quarter. Jane Street Group LLC raised its holdings 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 valued at $699,000 after acquiring an additional 75,291 shares in the last quarter. Finally, Centiva Capital LP boosted its position in shares of Azul by 205.3% during the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company's stock valued at $692,000 after acquiring an additional 135,365 shares during the last quarter. 0.82% of the stock is currently owned by hedge funds and other 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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