Analysts Set Azul S.A. (NYSE:AZUL) Target Price at $6.46

Azul S.A. (NYSE:AZUL) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.46.

Several research analysts have recently weighed in on AZUL shares. The Goldman Sachs Group lowered their price objective on shares of Azul from $3.60 to $3.10 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AZUL. Long Focus Capital Management LLC increased its stake in Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after acquiring an additional 2,295,000 shares during the period. Marshall Wace LLP increased its position in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after purchasing an additional 575,344 shares during the period. SPX Gestao de Recursos Ltda raised its stake in Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after purchasing an additional 290,465 shares in the last quarter. XTX Topco Ltd bought a new stake in Azul during the third quarter worth about $614,000. Finally, Centiva Capital LP grew its stake in Azul by 205.3% during the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after buying an additional 135,365 shares in the last quarter. Institutional investors own 0.82% of the company’s stock.

Azul Trading Up 2.8 %

Shares of AZUL opened at $1.81 on Wednesday. The company’s fifty day simple moving average is $2.32 and its 200 day simple moving average is $3.21. Azul has a 1-year low of $1.57 and a 1-year high of $9.27. The company has a market cap of $763.04 million, a price-to-earnings ratio of -0.25 and a beta of 1.92.

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.