Azul (NYSE:AZUL) Shares Gap Down – What’s Next?

Azul S.A. (NYSE:AZUL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $2.61, but opened at $2.38. Azul shares last traded at $2.39, with a volume of 425,758 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Hsbc Global Res raised shares of Azul to a “hold” rating in a report on Thursday, September 5th. Barclays cut 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 note on Monday, August 19th. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective on the stock. in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft cut their target price on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.70 to $4.00 in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.59.

Azul Trading Down 8.8 %

The stock has a fifty day moving average of $2.94 and a two-hundred day moving average of $3.87. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -0.34 and a beta of 1.99.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in Azul in the 3rd quarter valued at about $614,000. Jane Street Group LLC grew its stake in shares of Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after purchasing an additional 75,291 shares during the last quarter. Centiva Capital LP increased its holdings in shares of Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after purchasing an additional 135,365 shares in the last quarter. Ground Swell Capital LLC bought a new position in Azul in the 3rd quarter worth approximately $44,000. Finally, Inspire Advisors LLC lifted its holdings in Azul by 84.0% during the 3rd quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock worth $142,000 after buying an additional 18,861 shares in the last quarter. 0.82% of the stock is owned by institutional investors.

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.