The Goldman Sachs Group Lowers Azul (NYSE:AZUL) Price Target to $2.40

Azul (NYSE:AZUL) had its target price reduced by equities researchers at The Goldman Sachs Group from $2.70 to $2.40 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 34.45% from the stock’s previous close.

AZUL has been the topic of several other research reports. Raymond James cut their price objective on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.36.

Azul Trading Up 0.3 %

Shares of NYSE AZUL traded up $0.01 during mid-day trading on Tuesday, reaching $1.79. The company had a trading volume of 235,384 shares, compared to its average volume of 1,908,626. Azul has a 1-year low of $1.57 and a 1-year high of $8.65. The stock has a market cap of $752.50 million, a PE ratio of -0.25 and a beta of 1.98. The company has a 50-day moving average price of $2.00 and a two-hundred day moving average price of $2.37.

Institutional Investors Weigh In On Azul

A number of institutional investors have recently modified their holdings of the stock. Centiva Capital LP increased its stake in shares of Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after acquiring an additional 135,365 shares during the last quarter. Jane Street Group LLC increased its position in Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after purchasing an additional 75,291 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Azul during the 3rd quarter worth about $614,000. Perpetual Ltd raised its stake in shares of Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock worth $4,132,000 after purchasing an additional 119,023 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Azul by 16.3% during the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock valued at $106,000 after buying an additional 8,899 shares during the last quarter. Institutional investors and hedge funds own 0.82% of the company’s stock.

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.