Azul (NYSE:AZUL) Price Target Lowered to $2.70 at The Goldman Sachs Group

Azul (NYSE:AZUL) had its target price decreased by The Goldman Sachs Group from $3.10 to $2.70 in a report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Separately, Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.40.

Azul Trading Up 9.0 %

Shares of NYSE:AZUL opened at $2.36 on Thursday. Azul has a twelve month low of $1.57 and a twelve month high of $8.73. The company has a market cap of $992.80 million, a PE ratio of -0.33 and a beta of 1.95. The company’s 50 day moving average is $2.18 and its 200 day moving average is $3.07.

Institutional Investors Weigh In On Azul

Several hedge funds have recently modified their holdings of the company. Long Focus Capital Management LLC raised its holdings in Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after purchasing an additional 2,295,000 shares during the period. Perpetual Ltd raised its stake in shares of Azul by 4.5% during the 3rd quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after buying an additional 100,639 shares during the period. Marshall Wace LLP lifted its position in shares of Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after buying an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda grew its stake in Azul by 13,831.7% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after acquiring an additional 290,465 shares during the period. Finally, Jane Street Group LLC grew its stake in Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after acquiring an additional 75,291 shares during the period. 0.82% of the stock is owned by hedge funds and other 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.