Azul (NYSE:AZUL – Get Free Report) shares traded down 23.5% during trading on Monday. The company traded as low as $4.85 and last traded at $4.5980. 43,438 shares changed hands during trading, a decline of 73% from the average daily volume of 161,239 shares. The stock had previously closed at $6.01.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on AZUL shares. 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. The Goldman Sachs Group started coverage on Azul in a research report on Monday, October 19th. They issued a “neutral” rating and a $8.10 price objective on the stock. Weiss Ratings lowered Azul from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday. Zacks Research upgraded Azul from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Finally, Wall Street Zen upgraded shares of Azul from a “sell” rating to a “hold” rating in a report on Saturday. 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.03.
View Our Latest Report on Azul
Azul Price Performance
The stock’s 50-day simple moving average is $6.87.
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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