Azul (NYSE:AZUL) Shares Gap Down – Should You Sell?

Azul S.A. (NYSE:AZUL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $2.61, but opened at $2.38. Azul shares last traded at $2.39, with a volume of 425,758 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on AZUL shares. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a report on Thursday, September 5th. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Barclays lowered their target price on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th. Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Azul currently has an average rating of “Hold” and a consensus target price of $6.59.

Azul Price Performance

The company has a market capitalization of $1.00 billion, a P/E ratio of -0.34 and a beta of 1.99. The business’s 50-day moving average price is $2.94 and its two-hundred day moving average price is $3.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning bought a new position in shares of Azul during the 3rd quarter valued at about $35,000. 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. Ground Swell Capital LLC bought a new stake in shares of Azul during the third quarter worth $44,000. Sanctuary Advisors LLC acquired a new stake in shares of Azul during the second quarter worth $51,000. Finally, 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. 0.82% of the stock is 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.