Azul S.A. (NYSE:AZUL) Receives $5.36 Average PT from Analysts

Shares of Azul S.A. (NYSE:AZUL) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.67.

Several research firms have recently weighed in on AZUL. Raymond James dropped their target price on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group decreased their price target on Azul from $2.70 to $2.40 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Finally, Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Azul Trading Up 0.2 %

Shares of NYSE:AZUL opened at $1.54 on Friday. The firm has a market cap of $650.48 million, a PE ratio of -0.22 and a beta of 1.59. The company has a fifty day simple moving average of $1.74 and a 200 day simple moving average of $2.21. Azul has a 12-month low of $1.37 and a 12-month high of $6.64.

Hedge Funds Weigh In On Azul

Several institutional investors have recently made changes to their positions in AZUL. Trellis Wealth Advisors LLC bought a new stake in shares of Azul in the 4th quarter worth approximately $32,000. Arrowstreet Capital Limited Partnership bought a new stake in Azul in the fourth quarter valued at $42,000. Two Sigma Securities LLC boosted its holdings in shares of Azul by 44.6% during the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after acquiring an additional 9,038 shares during the period. Inspire Advisors LLC grew its position in shares of Azul by 16.6% during the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock worth $80,000 after acquiring an additional 6,844 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Azul in the 4th quarter worth about $87,000. 0.82% of the stock is owned by institutional investors.

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.