Azul S.A. (NYSE:AZUL) Receives Average Rating of “Hold” from Brokerages

Azul S.A. (NYSE:AZUL) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.40.

AZUL has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price target on shares of Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Raymond James dropped their price target on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Finally, Seaport Res Ptn upgraded shares of Azul from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 16th.

Azul Trading Down 3.9 %

Shares of AZUL stock opened at $1.84 on Thursday. The stock has a market capitalization of $773.58 million, a P/E ratio of -0.26 and a beta of 1.99. The firm’s 50 day moving average is $2.00 and its 200 day moving average is $2.61. Azul has a 12 month low of $1.57 and a 12 month high of $8.73.

Institutional Trading of Azul

Several institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning bought a new position in shares of Azul in the 3rd quarter worth $35,000. Ground Swell Capital LLC bought a new position in shares of Azul in the 3rd quarter worth $44,000. Centiva Capital LP increased its holdings in shares of Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after buying an additional 135,365 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after buying an additional 75,291 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Azul in the 3rd quarter worth $614,000. 0.82% of the stock is currently owned by hedge funds and other 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.