Fleet Financing

Azul (NYSE:AZUL) is trading down 12.8%


Shares of Azul SA (NYSE:AZUL – Get Rating) fell 12.8% in Monday’s trading. The stock traded as low as $8.02 and last traded at $8.02. Around 93,623 shares were traded at midday, down 96% from the average daily volume of 2,241,873 shares. The stock previously closed at $9.20.

AZUL has been the subject of several analyst reports. Seaport Res Ptn upgraded Azul from a “neutral” rating to a “buy” rating in a Tuesday, April 26 report. Barclays reduced its target price on Azul from $19.00 to $17.00 in a Tuesday, May 10 report. Finally, Raymond James cut his price target on Azul from $25.00 to $22.00 and set an “outperform” rating on the stock in a Monday, April 25 report. One research analyst has rated the stock with a sell rating and five have assigned the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $22.96.

The company has a 50-day simple moving average of $13.18 and a 200-day simple moving average of $13.75. The stock has a market capitalization of $3.35 billion, a price-earnings ratio of 9.93 and a beta of 1.19.

Major investors have recently changed their stake in the company. Signaturefd LLC increased its position in shares of Azul by 53.7% during the fourth quarter. Signaturefd LLC now owns 3,490 shares of the company worth $46,000 after purchasing an additional 1,219 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Azul by 69.2% during the third quarter. Advisor Group Holdings Inc. now owns 2,563 shares of the company worth $52,000 after purchasing an additional 1,048 shares during the period. Penserra Capital Management LLC increased its position in shares of Azul by 101.6% during the third quarter. Penserra Capital Management LLC now owns 2,950 shares of the company worth $59,000 after purchasing an additional 1,487 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Azul during the fourth quarter worth approximately $79,000. Finally, Bank of America Corp DE increased its position in Azul shares by 16.6% during the fourth quarter. Bank of America Corp DE now owns 6,110 shares of the company worth $81,000 after purchasing an additional 872 shares during the period. 1.60% of the shares are currently held by institutional investors.

Azul Company Profile (NYSE:AZUL)

Azul SA, together with its subsidiaries, provides passenger and cargo air transportation services in Brazil. As of December 31, 2020, it operated 700 daily departures to 112 destinations through a network of 203 non-stop routes with a fleet of 162 aircraft. The Company is also involved in the business of loyalty programs, travel packages, investment funds and aircraft financing.

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