Azul (NYSE:AZUL) Trading 10.1% Higher – Time to Buy?

Azul S.A. (NYSE:AZUL) traded up 10.1% during trading on Monday . The stock traded as high as $1.64 and last traded at $1.64. 569,243 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 1,835,360 shares. The stock had previously closed at $1.49.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AZUL shares. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on shares of Azul from $2.70 to $2.40 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Finally, Raymond James dropped their target price on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Azul presently has an average rating of “Hold” and an average target price of $5.36.

Azul Trading Up 12.1 %

The company has a market cap of $704.02 million, a price-to-earnings ratio of -0.24 and a beta of 1.59. The business’s 50 day moving average price is $1.77 and its 200-day moving average price is $2.24.

Institutional Trading of Azul

Several hedge funds have recently added to or reduced their stakes in AZUL. Trellis Wealth Advisors LLC bought a new stake in shares of Azul in the fourth quarter valued at approximately $32,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Azul during the 4th quarter valued at $42,000. Two Sigma Securities LLC increased its position in shares of Azul by 44.6% in the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock worth $49,000 after purchasing an additional 9,038 shares during the period. Inspire Advisors LLC increased its position in shares of Azul by 16.6% in the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock worth $80,000 after purchasing an additional 6,844 shares during the period. Finally, Marshall Wace LLP acquired a new position in Azul in the fourth quarter valued at about $87,000. 0.82% of the stock is owned by institutional investors and hedge funds.

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.