Analysts Set Azul S.A. (NYSE:AZUL) Target Price at $6.46

Shares of Azul S.A. (NYSE:AZUL) have received an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.46.

Several analysts have weighed in on the stock. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their price target on shares of Azul from $3.60 to $3.10 and set a “neutral” rating for the company in a report on Thursday, December 19th.

Institutional Investors Weigh In On Azul

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its position in Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after acquiring an additional 2,812 shares during the period. Inspire Advisors LLC raised its stake in shares of Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares in the last quarter. Marshall Wace LLP lifted its holdings in Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after purchasing an additional 575,344 shares during the period. Long Focus Capital Management LLC increased its stake in Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after buying an additional 2,295,000 shares during the period. Finally, SPX Gestao de Recursos Ltda increased its stake in Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after buying an additional 290,465 shares during the period. Institutional investors own 0.82% of the company’s stock.

Azul Trading Down 0.4 %

AZUL stock opened at $2.00 on Wednesday. The stock’s 50 day simple moving average is $2.28 and its 200 day simple moving average is $3.16. Azul has a 12-month low of $1.57 and a 12-month high of $9.27. The firm has a market cap of $843.99 million, a P/E ratio of -0.28 and a beta of 1.95.

About Azul

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.