Azul S.A. (NYSE:AZUL - Get Free Report)'s share price rose 10.1% during trading on Monday . The stock traded as high as $1.64 and last traded at $1.64. Approximately 569,243 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,835,360 shares. The stock had previously closed at $1.49.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Azul from $2.70 to $2.40 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Raymond James cut their price target 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $4.67.
Get Our Latest Stock Analysis on Azul
Azul Price Performance
The firm has a 50-day simple moving average of $1.73 and a 200 day simple moving average of $2.19. The company has a market capitalization of $650.48 million, a PE ratio of -0.22 and a beta of 1.59.
Hedge Funds Weigh In On Azul
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Trellis Wealth Advisors LLC acquired a new position in shares of Azul during the fourth quarter worth $32,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Azul during the fourth quarter valued at about $42,000. Two Sigma Securities LLC increased its position in shares of Azul by 44.6% during the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company's stock worth $49,000 after acquiring an additional 9,038 shares during the last quarter. Inspire Advisors LLC lifted its stake in shares of Azul by 16.6% in the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company's stock worth $80,000 after acquiring an additional 6,844 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Azul in the fourth quarter valued at about $87,000. 0.82% of the stock is owned by institutional investors and hedge funds.
About Azul
(
Get Free Report)
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.
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