Azul (NYSE:AZUL) Stock Price Up 4.2% – What’s Next?

Azul S.A. (NYSE:AZUL) rose 4.2% on Wednesday . The company traded as high as $1.84 and last traded at $1.86. Approximately 21,522 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 1,233,727 shares. The stock had previously closed at $1.78.

Analysts Set New Price Targets

AZUL has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a report on Thursday, January 16th. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Raymond James reduced their target price on Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Azul currently has an average rating of “Hold” and a consensus price target of $5.40.

Azul Trading Up 4.8 %

The firm has a market capitalization of $786.23 million, a price-to-earnings ratio of -0.26 and a beta of 1.98. The company has a 50-day moving average of $2.02 and a 200-day moving average of $2.39.

Institutional Investors Weigh In On Azul

Several institutional investors and hedge funds have recently made changes to their positions in AZUL. Long Focus Capital Management LLC raised 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 acquiring an additional 905,463 shares in the last quarter. Kapitalo Investimentos Ltda raised its position in shares of Azul by 505.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock valued at $900,000 after acquiring an additional 449,855 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Azul during the 3rd quarter valued at approximately $614,000. Centiva Capital LP raised 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 in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Azul during the 4th quarter valued at approximately $220,000. 0.82% of the stock is owned by institutional investors and hedge funds.

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.