Azul (NYSE:AZUL) Stock Price Up 3.2% – Should You Buy?

Azul S.A. (NYSE:AZUL) shares shot up 3.2% during trading on Wednesday . The stock traded as high as $1.78 and last traded at $1.78. 261,583 shares were traded during trading, a decline of 86% from the average session volume of 1,902,011 shares. The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AZUL. Raymond James decreased their target price on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group decreased their price objective on Azul from $2.70 to $2.40 and set a “neutral” rating for the company in a report on Tuesday. Finally, Seaport Res Ptn downgraded Azul from a “strong-buy” rating to a “hold” rating in a research 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 assigned a buy rating to the stock. According to MarketBeat, Azul currently has a consensus rating of “Hold” and an average price target of $5.36.

Azul Stock Performance

The company has a market capitalization of $744.07 million, a P/E ratio of -0.25 and a beta of 1.98. The stock’s fifty day moving average price is $2.00 and its 200-day moving average price is $2.36.

Institutional Trading of Azul

Several institutional investors and hedge funds have recently bought and sold shares of AZUL. Inspire Advisors LLC boosted its stake in shares of Azul by 16.6% during the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock worth $80,000 after acquiring an additional 6,844 shares during the period. Van ECK Associates Corp raised its stake in Azul by 16.3% in the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock valued at $106,000 after acquiring an additional 8,899 shares during the period. Two Sigma Securities LLC lifted its holdings in Azul by 44.6% during the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after purchasing an additional 9,038 shares during the last quarter. Trellis Wealth Advisors LLC bought a new position in Azul during the fourth quarter worth $32,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Azul in the fourth quarter valued at $42,000. 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.