The Goldman Sachs Group Issues Pessimistic Forecast for Azul (NYSE:AZUL) Stock Price

Azul (NYSE:AZUL) had its price objective decreased by The Goldman Sachs Group from $2.70 to $2.40 in a research note published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other brokerages have also recently weighed in on AZUL. Raymond James reduced their price objective on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Seaport Res Ptn downgraded Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Azul currently has an average rating of “Hold” and an average price target of $5.36.

Azul Price Performance

AZUL opened at $1.72 on Tuesday. Azul has a fifty-two week low of $1.57 and a fifty-two week high of $8.65. The company’s 50 day moving average price is $2.00 and its two-hundred day moving average price is $2.36. The firm has a market capitalization of $725.10 million, a price-to-earnings ratio of -0.24 and a beta of 1.98.

Institutional Trading of Azul

Large investors have recently bought and sold shares of the business. Long Focus Capital Management LLC boosted its position in shares of Azul by 18.0% during the 4th quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock valued at $9,908,000 after purchasing an additional 905,463 shares in the last quarter. Perpetual Ltd boosted its holdings in shares of Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock worth $4,132,000 after buying an additional 119,023 shares in the last quarter. Kapitalo Investimentos Ltda grew its position in shares of Azul by 505.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after buying an additional 449,855 shares during the period. Jane Street Group LLC increased its stake in shares of Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after acquiring an additional 75,291 shares in the last quarter. Finally, Centiva Capital LP increased its stake in shares of Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after acquiring an additional 135,365 shares in the last quarter. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.