Azul (NYSE:AZUL) Hits New 52-Week Low – Here’s Why

Azul S.A. (NYSE:AZUL) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.65 and last traded at $1.65, with a volume of 49750 shares. The stock had previously closed at $1.79.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. The Goldman Sachs Group decreased their price target on Azul from $3.60 to $3.10 and set a “neutral” rating on the stock in a research note on Thursday. Hsbc Global Res raised Azul to a “hold” rating in a report on Thursday, September 5th. Finally, HSBC downgraded Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.46.

Azul Price Performance

The firm has a market cap of $689.27 million, a PE ratio of -0.23 and a beta of 1.92. The business has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $3.43.

Institutional Investors Weigh In On Azul

A number of large investors have recently added to or reduced their stakes in AZUL. Long Focus Capital Management LLC lifted its holdings in shares of Azul by 106.3% in the second 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 in the last quarter. Perpetual Ltd raised its position in shares of Azul by 4.5% during the 3rd quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after purchasing an additional 100,639 shares during the last quarter. Marshall Wace LLP lifted 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 buying an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda grew its holdings in Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after buying an additional 290,465 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after buying an additional 75,291 shares in the last quarter. 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.