Azul (NYSE:AZUL) Shares Gap Down – What’s Next?

Shares of Azul (NYSE:AZULGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.80, but opened at $7.53. Azul shares last traded at $7.5490, with a volume of 1,004 shares traded.

Analysts Set New Price Targets

AZUL has been the subject of several recent analyst reports. Zacks Research upgraded Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. BWS Financial reaffirmed a “buy” rating and issued a $20.00 price target on shares of Azul in a report on Monday, August 17th. Finally, Weiss Ratings began coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, Azul has a consensus rating of “Reduce” and a consensus price target of $20.00.

Read Our Latest Report on AZUL

Azul Stock Down 1.6%

About Azul

(Get Free Report)

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.

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