Azul (NYSE:AZUL) Stock Price Up 4.2% – What’s Next?

Azul S.A. (NYSE:AZUL) rose 4.2% on Wednesday . The stock traded as high as $1.84 and last traded at $1.86. Approximately 21,522 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,233,727 shares. The stock had previously closed at $1.78.

Analyst Upgrades and Downgrades

AZUL has been the topic of several analyst reports. 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. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their target price on Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.40.

Azul Stock Up 4.8 %

The company has a market cap of $786.23 million, a P/E ratio of -0.26 and a beta of 1.98. The company has a 50 day moving average price of $2.02 and a 200-day moving average price of $2.39.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Trellis Wealth Advisors LLC bought a new position in Azul during the fourth quarter valued at about $32,000. Arrowstreet Capital Limited Partnership bought a new position in Azul during the fourth quarter valued at about $42,000. Two Sigma Securities LLC boosted its stake in Azul by 44.6% during 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 stake in Azul by 16.6% during 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in Azul during the fourth quarter valued at about $87,000. 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.