Azul (NYSE:AZUL) Reaches New 1-Year Low – Here’s Why

Azul S.A. (NYSE:AZUL) reached a new 52-week low on Monday . The company traded as low as $1.58 and last traded at $1.59, with a volume of 416721 shares changing hands. The stock had previously closed at $1.63.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research report on Thursday, September 5th. The Goldman Sachs Group cut their target price on shares of Azul from $3.60 to $3.10 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Hsbc Global Res raised shares of Azul to a “hold” rating in a report on Thursday, September 5th. One research 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. According to MarketBeat.com, Azul presently has an average rating of “Hold” and a consensus target price of $6.46.

Azul Stock Up 0.6 %

The firm’s fifty day moving average is $2.44 and its two-hundred day moving average is $3.31. The firm has a market cap of $691.42 million, a P/E ratio of -0.23 and a beta of 1.92.

Institutional Investors Weigh In On Azul

A number of large investors have recently modified their holdings of the stock. Signaturefd LLC grew its stake in Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after purchasing an additional 2,812 shares during the period. Inspire Advisors LLC boosted its holdings in shares of Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after buying an additional 3,764 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after buying an additional 575,344 shares in the last quarter. Long Focus Capital Management LLC grew its position in shares of Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after buying an additional 2,295,000 shares during the period. Finally, SPX Gestao de Recursos Ltda increased its stake in shares of Azul by 13,831.7% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after acquiring an additional 290,465 shares in the last quarter. Institutional investors own 0.82% of the company’s stock.

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.