Azul (NYSE:AZUL) Trading Up 9.8% – Should You Buy?

Azul S.A. (NYSE:AZUL) shares shot up 9.8% during trading on Monday . The stock traded as high as $2.82 and last traded at $2.80. 2,654,271 shares were traded during trading, an increase of 36% from the average session volume of 1,956,196 shares. The stock had previously closed at $2.55.

Analyst Ratings Changes

Several research analysts have commented on AZUL shares. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price target on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a research report on Thursday, September 5th. Barclays decreased their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Finally, The Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.70 to $4.00 in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.59.

Azul Stock Down 4.0 %

The firm’s fifty day moving average is $2.96 and its 200-day moving average is $3.89. The stock has a market capitalization of $1.10 billion, a PE ratio of -0.37 and a beta of 1.99.

Institutional Trading of Azul

A number of institutional investors have recently added to or reduced their stakes in AZUL. SPX Gestao de Recursos Ltda boosted its position in Azul by 13,831.7% during the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after purchasing an additional 290,465 shares in the last quarter. Long Focus Capital Management LLC boosted its position in shares of Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after buying an additional 2,295,000 shares in the last quarter. Marshall Wace LLP grew its stake in Azul by 2,466.5% in the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after acquiring an additional 575,344 shares during the last quarter. Creative Planning purchased a new position in Azul during the 3rd quarter valued at about $35,000. Finally, Perpetual Ltd raised its position in Azul by 4.5% during the third quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after acquiring an additional 100,639 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.