Azul (NYSE:AZUL) Sees Unusually-High Trading Volume – Should You Buy?

Azul S.A. (NYSE:AZUL) shares saw an uptick in trading volume on Tuesday . 1,632,383 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 1,386,159 shares.The stock last traded at $1.80 and had previously closed at $1.86.

Analysts Set New Price Targets

A number of research analysts have commented on the company. The Goldman Sachs Group decreased 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 raised shares of Azul from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Raymond James cut their price target on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.40.

Azul Stock Performance

The firm has a market cap of $752.50 million, a price-to-earnings ratio of -0.25 and a beta of 2.00. The business has a 50 day simple moving average of $2.06 and a 200-day simple moving average of $2.79.

Hedge Funds Weigh In On Azul

A number of institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in Azul during the second quarter worth about $51,000. Creative Planning bought a new stake in Azul during the 3rd quarter worth approximately $35,000. Kapitalo Investimentos Ltda bought a new stake in shares of Azul during the 3rd quarter valued at $306,000. Inspire Advisors LLC raised its stake in Azul by 84.0% during the 3rd 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 during the period. Finally, Ground Swell Capital LLC bought a new stake in shares of Azul during the third quarter valued at approximately $44,000. 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.