Azul (NYSE:AZUL) Trading 3.2% Higher – Should You Buy?

Azul S.A. (NYSE:AZUL) rose 3.2% on Wednesday . The company traded as high as $1.78 and last traded at $1.78. Approximately 261,583 shares changed hands during trading, a decline of 86% from the average daily volume of 1,902,011 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

AZUL has been the topic of several research analyst reports. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on Azul from $2.70 to $2.40 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Raymond James dropped their target price on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.36.

Azul Stock Performance

The company has a market capitalization of $744.07 million, a price-to-earnings ratio of -0.25 and a beta of 1.98. The business’s 50-day simple moving average is $2.00 and its 200-day simple moving average is $2.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AZUL. Trellis Wealth Advisors LLC bought a new position in shares of Azul during the 4th quarter valued at about $32,000. Arrowstreet Capital Limited Partnership acquired a new stake in Azul during the 4th quarter worth approximately $42,000. Two Sigma Securities LLC lifted its stake in Azul by 44.6% in the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after buying an additional 9,038 shares in the last quarter. Inspire Advisors LLC boosted its holdings in shares of Azul by 16.6% in the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock valued at $80,000 after buying an additional 6,844 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Azul during the fourth quarter worth $87,000. 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.