Azul S.A. (NYSE:AZUL) Receives $5.40 Consensus Target Price from Analysts

Azul S.A. (NYSE:AZUL) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.40.

A number of analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective 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 lowered Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Raymond James cut their price objective on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th.

Hedge Funds Weigh In On Azul

Several large investors have recently bought and sold shares of the stock. Long Focus Capital Management LLC boosted its stake in shares of Azul by 18.0% during the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock worth $9,908,000 after buying an additional 905,463 shares during the period. Perpetual Ltd boosted its stake in shares of Azul by 5.1% during the fourth quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock worth $4,132,000 after buying an additional 119,023 shares during the period. Kapitalo Investimentos Ltda boosted its stake in shares of Azul by 505.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after buying an additional 449,855 shares during the period. Jane Street Group LLC boosted its stake in shares of Azul by 58.9% during the third 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 period. Finally, Centiva Capital LP boosted its stake in shares of Azul by 205.3% during the third 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 period. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Stock Up 5.3 %

Shares of NYSE AZUL opened at $1.88 on Monday. Azul has a 52-week low of $1.57 and a 52-week high of $8.73. The business’s 50 day moving average is $2.02 and its two-hundred day moving average is $2.39. The firm has a market cap of $790.45 million, a price-to-earnings ratio of -0.26 and a beta of 1.98.

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.