Analysts Set Azul S.A. (NYSE:AZUL) PT at $6.59

Shares of Azul S.A. (NYSE:AZUL) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $6.59.

AZUL has been the topic of several recent research reports. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. Hsbc Global Res upgraded shares of Azul to a “hold” rating in a report on Thursday, September 5th. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Barclays dropped their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Finally, HSBC cut shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective on the stock. in a research report on Thursday, September 5th.

Azul Trading Down 2.2 %

Shares of NYSE:AZUL opened at $2.05 on Friday. The stock has a market capitalization of $862.11 million, a P/E ratio of -0.29 and a beta of 1.92. The stock’s 50-day moving average price is $2.74 and its 200-day moving average price is $3.58. Azul has a 12-month low of $2.02 and a 12-month high of $10.62.

Hedge Funds Weigh In On Azul

Several hedge funds and other institutional investors have recently modified their holdings of AZUL. Creative Planning bought a new stake in Azul during the 3rd quarter valued at approximately $35,000. Signaturefd LLC raised its position in shares of Azul by 35.9% in 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 in the last quarter. Ground Swell Capital LLC bought a new stake in shares of Azul during the third quarter valued at approximately $44,000. Sanctuary Advisors LLC bought a new stake in shares of Azul during the second quarter valued at approximately $51,000. Finally, Inspire Advisors LLC boosted its position 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. Hedge funds and other institutional investors own 0.82% of the company’s stock.

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.