Azul (NYSE:AZUL) Shares Gap Down – What’s Next?

Azul S.A. (NYSE:AZUL) shares gapped down before the market opened on Thursday . The stock had previously closed at $1.65, but opened at $1.61. Azul shares last traded at $1.62, with a volume of 117,513 shares traded.

Analyst Upgrades and Downgrades

AZUL has been the topic of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Azul from $3.60 to $3.10 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Hsbc Global Res upgraded Azul to a “hold” rating in a report on Thursday, September 5th. Seaport Res Ptn downgraded Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research report on Thursday, September 5th. One equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.46.

Azul Stock Up 2.5 %

The stock has a market capitalization of $687.16 million, a price-to-earnings ratio of -0.23 and a beta of 1.92. The company’s fifty day simple moving average is $2.47 and its 200 day simple moving average is $3.36.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Creative Planning acquired a new position in shares of Azul in the third quarter valued at approximately $35,000. Signaturefd LLC increased its position in Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after buying an additional 2,812 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Azul during the third quarter worth $44,000. Sanctuary Advisors LLC bought a new stake in shares of Azul in the second quarter valued at about $51,000. Finally, Inspire Advisors LLC grew its stake in shares of Azul by 20.1% in the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after acquiring an additional 3,764 shares in the last quarter. 0.82% of the stock is 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.