Azul (NYSE:AZUL – Get Free Report) had its price objective cut by The Goldman Sachs Group from $3.60 to $3.10 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 73.18% from the company’s previous close.
A number of other research firms have also weighed in on AZUL. HSBC lowered shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a research note on Thursday, September 5th. Hsbc Global Res upgraded Azul to a “hold” rating in a research report on Thursday, September 5th. Finally, Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.46.
View Our Latest Report on AZUL
Azul Stock Up 1.1 %
Institutional Trading of Azul
Several institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Azul in the 3rd quarter worth approximately $614,000. Jane Street Group LLC grew its position in 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. Centiva Capital LP increased its stake in Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after acquiring an additional 135,365 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in Azul during the third quarter valued at about $44,000. Finally, Inspire Advisors LLC raised its position in Azul by 84.0% during the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock valued at $142,000 after purchasing an additional 18,861 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.
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.
Read More
- Five stocks we like better than Azul
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Opal Fuels CEO on Steering the Future of Renewable Natural Gas
- How to Calculate Return on Investment (ROI)
- MicroStrategy Joins Nasdaq-100: 2 Crypto Stocks Set to Win
- How to Buy Cheap Stocks Step by Step
- 2 Underrated Quantum Computing Companies Starting to Rally
Receive News & Ratings for Azul Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azul and related companies with MarketBeat.com's FREE daily email newsletter.