Azul (NYSE:AZUL) Stock Rating Upgraded by Seaport Res Ptn

Azul (NYSE:AZUL) was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group reduced their price objective on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.40.

Azul Price Performance

Shares of Azul stock opened at $2.35 on Thursday. The stock’s 50-day moving average is $2.17 and its 200 day moving average is $3.06. Azul has a one year low of $1.57 and a one year high of $8.73. The firm has a market cap of $988.58 million, a price-to-earnings ratio of -0.33 and a beta of 1.95.

Hedge Funds Weigh In On Azul

A number of institutional investors have recently modified their holdings of AZUL. Creative Planning acquired a new stake in Azul in the 3rd quarter valued at $35,000. Ground Swell Capital LLC acquired a new position in Azul during the third quarter worth $44,000. Sanctuary Advisors LLC bought a new position in shares of Azul in the second quarter valued at $51,000. Inspire Advisors LLC grew its holdings in shares of Azul by 84.0% during the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock valued at $142,000 after buying an additional 18,861 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Azul during the third quarter worth about $306,000. 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.