The Goldman Sachs Group Cuts Azul (NYSE:AZUL) Price Target to $2.40

Azul (NYSE:AZUL) had its price objective decreased by The Goldman Sachs Group from $2.70 to $2.40 in a research report sent to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other equities analysts have also commented on AZUL. Raymond James cut their price target on Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. One equities research 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.36.

Azul Stock Down 2.5 %

Shares of NYSE:AZUL opened at $1.74 on Tuesday. The business’s 50 day moving average is $1.98 and its 200 day moving average is $2.36. The stock has a market cap of $731.43 million, a P/E ratio of -0.24 and a beta of 1.98. Azul has a 52-week low of $1.57 and a 52-week high of $8.65.

Hedge Funds Weigh In On Azul

Large investors have recently added to or reduced their stakes in the company. Trellis Wealth Advisors LLC purchased a new position in shares of Azul in the 4th quarter worth approximately $32,000. Arrowstreet Capital Limited Partnership purchased a new position in Azul in the fourth quarter worth $42,000. Two Sigma Securities LLC grew its holdings in 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 last quarter. Inspire Advisors LLC increased its position in shares of Azul by 16.6% during 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 in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Azul during the 4th quarter valued at $87,000. 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.