Azul (NYSE:AZUL) Reaches New 52-Week Low – Should You Sell?

Shares of Azul S.A. (NYSE:AZUL) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $2.02 and last traded at $2.05, with a volume of 73903 shares traded. The stock had previously closed at $2.04.

Wall Street Analyst Weigh In

AZUL has been the topic of a number of recent research reports. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. The Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and lowered their target price for the company from $6.70 to $4.00 in a report on Monday, September 23rd. Hsbc Global Res raised Azul to a “hold” rating in a report on Thursday, September 5th. Finally, HSBC cut shares of 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 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.59.

Azul Stock Up 1.8 %

The company’s fifty day moving average price is $2.72 and its 200-day moving average price is $3.53. The stock has a market capitalization of $836.82 million, a PE ratio of -0.28 and a beta of 1.92.

Hedge Funds Weigh In On Azul

Several institutional investors and hedge funds have recently modified their holdings of AZUL. Long Focus Capital Management LLC grew its position in Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its stake in shares of Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after buying an additional 290,465 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Azul during the third quarter valued at approximately $614,000. Finally, Centiva Capital LP raised its position in Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after buying an additional 135,365 shares during the last quarter. 0.82% of the stock is currently owned by institutional investors.

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.