Azul (NYSE:AZUL) Price Target Cut to $3.10 by Analysts at The Goldman Sachs Group

Azul (NYSE:AZUL) had its target price decreased by The Goldman Sachs Group from $3.60 to $3.10 in a report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other research firms have also weighed in on AZUL. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. HSBC downgraded shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research report on Thursday, September 5th. Finally, Hsbc Global Res upgraded shares of Azul to a “hold” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Azul has a consensus rating of “Hold” and a consensus target price of $6.46.

Azul Stock Up 1.1 %

AZUL stock opened at $1.79 on Thursday. Azul has a twelve month low of $1.66 and a twelve month high of $10.36. The company has a market cap of $754.61 million, a P/E ratio of -0.25 and a beta of 1.92. The business’s fifty day moving average is $2.60 and its 200-day moving average is $3.46.

Institutional Trading of Azul

Several hedge funds have recently bought and sold shares of AZUL. Signaturefd LLC boosted its holdings in shares of Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after buying an additional 2,812 shares during the period. Inspire Advisors LLC lifted its position in Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after acquiring an additional 3,764 shares in the last quarter. Marshall Wace LLP boosted its stake in Azul by 2,466.5% in the 2nd 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. Long Focus Capital Management LLC increased its holdings 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 purchasing an additional 2,295,000 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda raised its stake in shares of Azul by 13,831.7% in the 2nd 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 during the period. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.