Azul (NYSE:AZUL – Get Free Report)’s stock price traded down 5.5% during trading on Tuesday . The stock traded as low as $7.22 and last traded at $7.18. Approximately 5,732 shares were traded during mid-day trading, a decline of 96% from the average session volume of 153,658 shares. The stock had previously closed at $7.60.
Analysts Set New Price Targets
Several analysts have issued reports on AZUL shares. Zacks Research raised Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. Weiss Ratings started coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating on the stock. Finally, BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Azul in a report on Monday, August 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $20.00.
Get Our Latest Stock Analysis on Azul
Azul Trading Up 2.3%
About Azul
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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