Brokerages Set Azul S.A. (NYSE:AZUL) PT at $5.40

Azul S.A. (NYSE:AZUL) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $5.40.

AZUL has been the topic of a number of research analyst reports. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Raymond James decreased 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. Finally, The Goldman Sachs Group decreased their price objective on shares of Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a report on Thursday, January 16th.

Azul Stock Performance

AZUL opened at $1.74 on Monday. The firm’s 50-day simple moving average is $2.01 and its 200-day simple moving average is $2.38. Azul has a twelve month low of $1.57 and a twelve month high of $8.65. The firm has a market cap of $731.43 million, a price-to-earnings ratio of -0.24 and a beta of 1.98.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Two Sigma Investments LP lifted its stake in shares of Azul by 17.1% in the 4th quarter. Two Sigma Investments LP now owns 191,019 shares of the company’s stock valued at $319,000 after purchasing an additional 27,949 shares during the period. Kapitalo Investimentos Ltda lifted its stake in shares of Azul by 505.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock valued at $900,000 after purchasing an additional 449,855 shares during the period. Two Sigma Securities LLC lifted its stake in shares of Azul by 44.6% in the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after purchasing an additional 9,038 shares during the period. Long Focus Capital Management LLC lifted its stake in shares of Azul by 18.0% in 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 during the period. Finally, Marshall Wace LLP acquired a new position in shares of Azul in the 4th quarter valued at $87,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

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.