Analysts Set Azul S.A. (NYSE:AZUL) Target Price at $5.40

Azul S.A. (NYSE:AZUL) has been given a consensus rating of “Hold” by the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $5.40.

Several research firms recently commented on AZUL. Seaport Res Ptn raised shares of Azul from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group dropped their target price on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Raymond James dropped their target price on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th.

Azul Stock Performance

AZUL stock opened at $1.84 on Thursday. Azul has a 52 week low of $1.57 and a 52 week high of $8.73. The firm’s fifty day moving average is $2.00 and its 200 day moving average is $2.61. The firm has a market cap of $773.58 million, a P/E ratio of -0.26 and a beta of 1.99.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Two Sigma Investments LP lifted its position in Azul by 17.1% during the 4th quarter. Two Sigma Investments LP now owns 191,019 shares of the company’s stock valued at $319,000 after acquiring an additional 27,949 shares during the period. Kapitalo Investimentos Ltda lifted its position in Azul by 505.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock valued at $900,000 after acquiring an additional 449,855 shares during the period. Two Sigma Securities LLC lifted its position in Azul by 44.6% during the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after acquiring an additional 9,038 shares during the period. Long Focus Capital Management LLC lifted its position in 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 acquiring an additional 905,463 shares during the period. Finally, Marshall Wace LLP bought a new stake in Azul during the 4th quarter valued at about $87,000. 0.82% of the stock is owned by hedge funds and other institutional investors.

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.