Azul (NYSE:AZUL – Get Free Report) saw strong trading volume on Friday. Approximately 2,998,868 shares changed hands during trading, an increase of 1,419% from the average daily volume of 197,402 shares. The stock last traded at $4.3240 and had previously closed at $4.40.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group started coverage on Azul in a research note on Monday, October 19th. They issued a “neutral” rating and a $8.10 target price on the stock. Weiss Ratings downgraded shares of Azul from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft started coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target for the company. BWS Financial reissued a “buy” rating and set a $20.00 price target on shares of Azul in a research note on Monday, September 21st. Finally, Zacks Research upgraded Azul from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.03.
Check Out Our Latest Analysis on AZUL
Azul Stock Up 2.8%
The firm has a fifty day moving average price of $6.40.
Azul Company Profile
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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