Azul (NYSE:AZUL – Get Free Report)’s stock price shot up 6.4% during trading on Wednesday. The stock traded as high as $7.35 and last traded at $7.3450. Approximately 99,089 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 167,077 shares. The stock had previously closed at $6.90.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Azul in a research note on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price on the stock. Weiss Ratings began coverage on shares of Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating for the company. BWS Financial reissued a “buy” rating and set a $20.00 price objective on shares of Azul in a research note on Monday, September 21st. Zacks Research raised shares of Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.
View Our Latest Report on AZUL
Azul Trading Down 9.6%
About Azul
Azul SA is a Brazilian airline that provides scheduled passenger air transportation on domestic and international routes. The company serves cities throughout Brazil and connects the country with destinations in South America, the United States, Europe and other international markets.
Azul operates a diversified fleet designed for both regional and mainline service. In addition to passenger flights, its businesses include air cargo transportation through Azul Cargo Express, travel packages and related services through Azul Viagens, and a customer loyalty program known as Azul Fidelidade.
Founded in 2008 by aviation entrepreneur David Neeleman, Azul has focused on expanding air connectivity in Brazil, including service to locations with limited access to other forms of commercial air transportation.
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