Azul (NYSE:AZUL) Stock Price Up 6.6% – What’s Next?

Azul S.A. (NYSE:AZUL)’s stock price traded up 6.6% during trading on Wednesday . The company traded as high as $1.86 and last traded at $1.85. 233,368 shares were traded during trading, a decline of 83% from the average session volume of 1,338,599 shares. The stock had previously closed at $1.73.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AZUL shares. The Goldman Sachs Group decreased their price target on Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Raymond James dropped their price target on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.40.

Azul Stock Up 9.0 %

The firm has a 50 day moving average of $2.01 and a 200 day moving average of $2.53. The firm has a market cap of $794.66 million, a PE ratio of -0.27 and a beta of 1.98.

Institutional Investors Weigh In On Azul

Several institutional investors have recently added to or reduced their stakes in the business. Long Focus Capital Management LLC raised its position in shares of Azul by 18.0% in the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock valued at $9,908,000 after purchasing an additional 905,463 shares during the period. Kapitalo Investimentos Ltda lifted its position in shares of Azul by 505.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after acquiring an additional 449,855 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Azul during the third quarter worth $614,000. Centiva Capital LP grew its position in shares of Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after purchasing an additional 135,365 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Azul during the 4th quarter valued at $220,000. 0.82% of the stock is owned by hedge funds and other institutional investors.

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.