Azul (NYSE:AZUL) Shares Gap Down – What’s Next?
by Danessa Lincoln · The Markets DailyAzul (NYSE:AZUL – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $7.90, but opened at $7.60. Azul shares last traded at $7.2660, with a volume of 4,614 shares.
Wall Street Analyst Weigh In
AZUL has been the subject of a number of analyst reports. Wall Street Zen lowered Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. Zacks Research raised shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Azul in a research report on Monday, September 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Azul in a research note on Wednesday, September 9th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Weiss Ratings assumed coverage on shares of Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.50.
Get Our Latest Stock Analysis on Azul
Azul Stock Performance
The business has a 50-day moving average of $7.61.
Azul Company Profile
Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.
Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.