Azul (NYSE:AZUL) Price Target Cut to $12.00 by Analysts at Barclays

Azul (NYSE:AZULFree Report) had its price target lowered by Barclays from $14.00 to $12.00 in a report issued on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Azul Trading Down 0.8 %

Shares of NYSE AZUL opened at $7.71 on Monday. The stock has a fifty day simple moving average of $7.77 and a two-hundred day simple moving average of $8.53. Azul has a 1-year low of $5.80 and a 1-year high of $13.86. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -8.28 and a beta of 1.85.

Institutional Investors Weigh In On Azul

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in Azul during the fourth quarter valued at about $706,000. Vident Advisory LLC raised its position in Azul by 78.7% during the fourth quarter. Vident Advisory LLC now owns 23,385 shares of the company’s stock valued at $227,000 after purchasing an additional 10,299 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in Azul during the fourth quarter valued at about $1,744,000. Cubist Systematic Strategies LLC purchased a new stake in Azul during the fourth quarter valued at about $2,308,000. Finally, Goldman Sachs Group Inc. raised its position in Azul by 92.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 555,739 shares of the company’s stock valued at $5,385,000 after purchasing an additional 267,603 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.

About Azul

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Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.

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