Azul (NYSE:AZUL) Stock Price Down 23.5% – Time to Sell?

by · The Markets Daily

Azul (NYSE:AZUL – Get Free Report) shares traded down 23.5% on Monday. The company traded as low as $4.85 and last traded at $4.5980. Approximately 43,438 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 161,239 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

AZUL has been the topic of a number of research analyst reports. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Azul in a research report on Tuesday, October 6th. BWS Financial reissued a “buy” rating and set a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Azul in a research note on Wednesday, September 9th. They set a “buy” rating and a $11.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of Azul in a report on Monday, October 19th. They set a “neutral” rating and a $8.10 price target on the stock. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.03.

Read Our Latest Analysis on AZUL

Azul Stock Down 21.8%

The company has a 50 day moving average price of $7.03.

About Azul

(Get Free Report)

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.

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