Raymond James Lowers Azul (NYSE:AZUL) Price Target to $5.00

Azul (NYSE:AZUL) had its price objective dropped by equities researchers at Raymond James from $6.00 to $5.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 142.13% from the company’s previous close.

A number of other analysts have also issued reports on the company. Seaport Res Ptn raised Azul from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Azul has an average rating of “Hold” and an average target price of $5.40.

Azul Price Performance

AZUL stock opened at $2.07 on Tuesday. The stock has a market capitalization of $870.54 million, a price-to-earnings ratio of -0.29 and a beta of 1.99. The company has a 50-day moving average of $2.09 and a two-hundred day moving average of $2.85. Azul has a 52-week low of $1.57 and a 52-week high of $8.73.

Institutional Trading of Azul

Institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Azul during the second quarter worth $51,000. Perpetual Ltd lifted its holdings in shares of Azul by 4.5% during the 3rd quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after acquiring an additional 100,639 shares during the period. Creative Planning acquired a new stake in shares of Azul during the 3rd quarter valued at about $35,000. Kapitalo Investimentos Ltda bought a new stake in Azul in the third quarter valued at about $306,000. Finally, Inspire Advisors LLC raised its position in Azul by 84.0% in the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock worth $142,000 after purchasing an additional 18,861 shares in the last quarter. 0.82% of the stock is currently owned by institutional investors.

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.