Shares of Azul (NYSE:AZUL – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $6.25, but opened at $6.38. Azul shares last traded at $6.31, with a volume of 5,082 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Wall Street Zen cut shares of Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. BWS Financial reaffirmed a “buy” rating and issued a $20.00 target price on shares of Azul in a report on Monday, September 21st. Zacks Research raised Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. Weiss Ratings assumed coverage on Azul in a report on Friday, July 10th. They set a “sell (d)” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued 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 $15.50.
Read Our Latest Stock Analysis on Azul
Azul Stock Performance
About Azul
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.
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