Azul (NYSE:AZUL) Given New $5.00 Price Target at Raymond James

Azul (NYSE:AZUL) had its price target lowered by Raymond James from $6.00 to $5.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

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

Azul Stock Down 2.8 %

AZUL stock opened at $2.25 on Tuesday. The company has a market cap of $946.42 million, a P/E ratio of -0.32 and a beta of 1.99. Azul has a twelve month low of $1.57 and a twelve month high of $8.73. The business’s fifty day moving average is $2.10 and its 200-day moving average is $2.85.

Hedge Funds Weigh In On Azul

Several hedge funds have recently modified their holdings of AZUL. Trellis Wealth Advisors LLC bought a new position in shares of Azul in the 4th quarter valued at about $32,000. Creative Planning bought a new position in shares of Azul in the 3rd quarter valued at about $35,000. Ground Swell Capital LLC bought a new position in shares of Azul in the 3rd quarter valued at about $44,000. Sanctuary Advisors LLC bought a new position in shares of Azul in the 2nd quarter valued at about $51,000. Finally, Van ECK Associates Corp grew its holdings in shares of Azul by 16.3% in the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock valued at $106,000 after acquiring an additional 8,899 shares in the last quarter. Institutional investors own 0.82% of the company’s stock.

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.