Azul S.A. (NYSE:AZUL) Receives $5.40 Average Target Price from Brokerages

Shares of Azul S.A. (NYSE:AZUL) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. 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 issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.40.

Several brokerages have recently issued reports on AZUL. Raymond James decreased their price target on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Seaport Res Ptn upgraded shares of Azul from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a research note on Thursday, January 16th.

Azul Stock Performance

NYSE:AZUL opened at $1.81 on Thursday. The firm has a 50-day moving average price of $2.00 and a two-hundred day moving average price of $2.66. Azul has a 52 week low of $1.57 and a 52 week high of $8.73. The firm has a market cap of $760.93 million, a price-to-earnings ratio of -0.25 and a beta of 2.00.

Institutional Investors Weigh In On Azul

Several hedge funds have recently bought and sold shares of AZUL. Two Sigma Investments LP lifted its stake in shares of Azul by 17.1% in the fourth quarter. Two Sigma Investments LP now owns 191,019 shares of the company’s stock worth $319,000 after buying an additional 27,949 shares in the last quarter. Kapitalo Investimentos Ltda lifted its stake in shares of Azul by 505.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after buying an additional 449,855 shares in the last quarter. Two Sigma Securities LLC lifted its stake in shares of Azul by 44.6% in the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock worth $49,000 after buying an additional 9,038 shares in the last quarter. Long Focus Capital Management LLC lifted its stake in shares of Azul by 18.0% in the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock worth $9,908,000 after buying an additional 905,463 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Azul in the fourth quarter worth approximately $87,000. 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.