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

Azul (NYSE:AZUL – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $4.36, but opened at $4.80. Azul shares last traded at $4.8340, with a volume of 5,619 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings cut Azul from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, October 27th. BWS Financial reaffirmed a “buy” rating and set a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Zacks Research upgraded Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Finally, Deutsche Bank assumed coverage on Azul in a research note on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.03.

View Our Latest Stock Analysis on Azul

Azul Trading Down 6.0%

The stock’s fifty day moving average price is $6.20.

About Azul

(Get Free Report)

Azul S.A. is a Brazilian airline that provides passenger air transportation on domestic and international routes. Its network connects cities across Brazil, including regional destinations, with services to select locations abroad. Founded in 2008, Azul has developed a broad domestic network and offers travel-related services alongside its flights. Its businesses include Azul Cargo Express, which provides air cargo and logistics services, and Azul Viagens, which sells travel packages.

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