Brokerages Set Azul S.A. (NYSE:AZUL) Target Price at $6.40

Azul S.A. (NYSE:AZUL) has earned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.40.

A number of research firms recently commented on AZUL. Seaport Res Ptn upgraded shares of Azul from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.

Institutional Investors Weigh In On Azul

A number of institutional investors and hedge funds have recently modified their holdings of AZUL. SPX Gestao de Recursos Ltda increased its stake in 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 purchasing an additional 290,465 shares in the last quarter. Jane Street Group LLC increased its position in shares of Azul by 58.9% in the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after acquiring an additional 75,291 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Azul by 2,466.5% during the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after acquiring an additional 575,344 shares during the period. Perpetual Ltd lifted its position in shares of Azul by 5.1% in the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock valued at $4,132,000 after acquiring an additional 119,023 shares in the last quarter. Finally, Creative Planning acquired a new position in Azul in the 3rd quarter worth approximately $35,000. 0.82% of the stock is owned by institutional investors and hedge funds.

Azul Trading Down 5.6 %

Azul stock opened at $2.26 on Friday. Azul has a 52 week low of $1.57 and a 52 week high of $8.73. The stock has a market cap of $950.64 million, a price-to-earnings ratio of -0.32 and a beta of 1.95. The company’s 50-day moving average price is $2.12 and its two-hundred day moving average price is $2.94.

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.