The Goldman Sachs Group Cuts Azul (NYSE:AZUL) Price Target to $3.10

Azul (NYSE:AZUL) had its price target reduced by The Goldman Sachs Group from $3.60 to $3.10 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently commented on AZUL. HSBC downgraded shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 target price on the stock. in a research note on Thursday, September 5th. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Hsbc Global Res upgraded shares of Azul to a “hold” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.46.

Azul Price Performance

Azul stock opened at $1.79 on Thursday. The business has a 50 day simple moving average of $2.60 and a 200 day simple moving average of $3.46. The company has a market capitalization of $754.61 million, a PE ratio of -0.25 and a beta of 1.92. Azul has a one year low of $1.66 and a one year high of $10.36.

Institutional Trading of Azul

Several hedge funds have recently modified their holdings of the stock. Creative Planning bought a new position in Azul in the 3rd quarter worth approximately $35,000. Signaturefd LLC raised its position in shares of Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after acquiring an additional 2,812 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Azul during the third quarter worth $44,000. Sanctuary Advisors LLC acquired a new position in shares of Azul during the second quarter valued at $51,000. Finally, Inspire Advisors LLC boosted its holdings in Azul by 20.1% in the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after acquiring an additional 3,764 shares during the last quarter. 0.82% of the stock is owned by institutional investors.

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.