Azul (NYSE:AZUL) Sets New 12-Month Low – Time to Sell?

Azul S.A. (NYSE:AZUL)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $1.47 and last traded at $1.49, with a volume of 148496 shares trading hands. The stock had previously closed at $1.56.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Azul from $2.70 to $2.40 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Raymond James cut their target price on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Azul has a consensus rating of “Hold” and a consensus target price of $5.36.

Azul Trading Down 4.0 %

The business’s 50 day simple moving average is $1.89 and its 200 day simple moving average is $2.31. The company has a market cap of $631.51 million, a P/E ratio of -0.21 and a beta of 1.59.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Inspire Advisors LLC lifted its stake in shares of Azul by 16.6% during the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock worth $80,000 after purchasing an additional 6,844 shares during the last quarter. Van ECK Associates Corp raised its holdings in Azul by 16.3% in the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock worth $106,000 after purchasing an additional 8,899 shares during the period. Two Sigma Securities LLC grew its stake in 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 acquiring an additional 9,038 shares during the period. Trellis Wealth Advisors LLC purchased a new position in Azul in the 4th quarter valued at about $32,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Azul during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors 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.