Azul (NYSE:AZUL) Price Target Lowered to $3.10 at The Goldman Sachs Group

Azul (NYSE:AZUL) had its price target decreased by equities researchers at The Goldman Sachs Group from $3.60 to $3.10 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 73.18% from the stock’s current price.

A number of other research analysts have also recently issued reports on AZUL. Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a report on Thursday, September 5th. Finally, Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Azul currently has a consensus rating of “Hold” and a consensus target price of $6.46.

Azul Stock Performance

AZUL stock opened at $1.79 on Thursday. The firm has a market cap of $754.61 million, a P/E ratio of -0.25 and a beta of 1.92. The firm’s fifty day moving average is $2.63 and its 200 day moving average is $3.48. Azul has a 52 week low of $1.66 and a 52 week high of $10.36.

Institutional Investors Weigh In On Azul

A number of large investors have recently made changes to their positions in the business. Long Focus Capital Management LLC boosted its stake in shares of Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after purchasing an additional 2,295,000 shares in the last quarter. Marshall Wace LLP lifted its holdings in Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares during the period. SPX Gestao de Recursos Ltda boosted its position in Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after acquiring an additional 290,465 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Azul during the 3rd quarter worth approximately $614,000. Finally, Centiva Capital LP raised its position in shares of Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after acquiring an additional 135,365 shares in the last quarter. 0.82% of the stock is currently owned by 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.