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

Azul (NYSE:AZUL) had its target price reduced by The Goldman Sachs Group from $3.60 to $3.10 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

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

Azul Trading Up 4.7 %

AZUL stock opened at $1.77 on Thursday. The firm has a market cap of $746.18 million, a P/E ratio of -0.25 and a beta of 1.92. The stock’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $3.50. Azul has a 12-month low of $1.66 and a 12-month high of $10.36.

Institutional Trading of Azul

Hedge funds have recently modified their holdings of the business. Creative Planning purchased a new stake in Azul in the 3rd quarter worth about $35,000. Signaturefd LLC increased its stake in Azul by 35.9% in the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $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 3rd quarter valued at $44,000. Sanctuary Advisors LLC purchased a new position in shares of Azul during the 2nd quarter valued at $51,000. Finally, Inspire Advisors LLC boosted its position in Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares during the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.

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.