Raymond James Lowers Azul (NYSE:AZUL) Price Target to $5.00

Azul (NYSE:AZUL) had its price objective reduced by analysts at Raymond James from $6.00 to $5.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 119.78% from the stock’s current price.

Other analysts also recently issued reports about the company. The Goldman Sachs Group decreased their target price on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Seaport Res Ptn raised Azul from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Azul presently has a consensus rating of “Hold” and a consensus price target of $5.40.

Azul Stock Down 1.5 %

AZUL traded down $0.04 during trading on Tuesday, hitting $2.28. 298,631 shares of the stock were exchanged, compared to its average volume of 1,256,586. Azul has a 1-year low of $1.57 and a 1-year high of $8.73. The firm has a market capitalization of $959.07 million, a P/E ratio of -0.32 and a beta of 1.99. The stock has a fifty day moving average price of $2.11 and a two-hundred day moving average price of $2.87.

Institutional Trading of Azul

Several large investors have recently added to or reduced their stakes in AZUL. Trellis Wealth Advisors LLC bought a new position in Azul during the 4th quarter valued at $32,000. Creative Planning acquired a new position in shares of Azul during the 3rd quarter worth about $35,000. Ground Swell Capital LLC bought a new stake in shares of Azul in the 3rd quarter valued at approximately $44,000. Sanctuary Advisors LLC bought a new stake in shares of Azul in the 2nd quarter valued at approximately $51,000. Finally, Van ECK Associates Corp grew its position in Azul by 16.3% during the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock worth $106,000 after acquiring an additional 8,899 shares during the last quarter. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.